Bad Credit Car Loan Alberta

Your credit score is very important factor in your financial life. The banks use the credit score whether its bad or good to decide to offer you the credit card or loan. Some service providers use to calculate if you are required to pay a deposit. Auto lenders acknowledge your credit history when offering your insurance rates. Moreover it is very important to know that what kind of things can increase or even maintain your good credit score, and you should also have a good knowledge about those all factors which can damage your credit rating and effect on Car Loans Canada . Here are a few reasons. 1- Late Payment Thirty percent of your credit score is your payment history. Always late payment on your credit card will hurt your credit score. Pay your credit card bills on time to keep your credit score. Read More When you late your payment these four things happen: Your creditor will charge a late fee Your interest rate will increase The late payment is added to your credit rep...