Third chance financing
Third chance credit
Bankruptcy, consumer proposal, a repossessed vehicle: even after a hard knock, you need a car to work and move forward. We are the lender, and the decision is ours: we say yes when everyone else has said no.
Rates from 14.99%
This solution is for you if…
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You are in bankruptcy or recently discharged
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You have filed a consumer proposal
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One of your vehicles has already been repossessed
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Your file carries several major negative items
Financing a vehicle during or after bankruptcy
Yes, it is possible, even before your discharge in some cases, with your trustee’s consent. We assess your current capacity to pay rather than your past. Stable income and a realistic budget count for more than your history.
Starting fresh, one payment at a time
After a bankruptcy, your credit file is a blank page: every new reported payment carries real weight. A well-managed third chance car loan is often the first and most powerful rebuilding tool. Our advisors structure the loan to maximize that effect: a reasonable term, a comfortable payment, a reliable vehicle.
Frequently asked questions
Can I be financed if my bankruptcy is not yet discharged?
In many cases, yes, with your trustee’s authorization. Talk it over with your advisor: we work with files still going through discharge on a regular basis.
Will I pay this higher rate for the whole loan?
Not necessarily. As soon as your file improves (often after 12 to 24 months of solid payments), refinancing or trading your vehicle at a better rate becomes realistic.