2012-08-01
Hi, There are lots of lenders who will finance vehicles for those who have completed a bankruptcy (or for that matter even during a bankruptcy). I would suggest that you visit the car dealership where you are likely to purchase and talk to their credit department first, before you shop for a car. In essence, shop for the loan first. The credit department should be able to tell you, based on your current situation and credit rating, what terms they are likely to be able to get for you and who the loan would be with. If they won't work with you there are lots of other car dealerships out there. Assuming that your credit rating has improved since your bankruptcy (you have paid your bills on time, obtained and used a secured credit card etc.) I don't believe you will have any difficulty in obtaining a loan. It may not be at the best interest rate but it should be reasonable. You might wish to obtain a copy of your credit history before you contact the dealership. You can find out how to do that at eitherwww.equifax.ca orwww.transunion.ca. Good luck. Ian Schofield
2025-11-17
November 16-22, 2025 is National Addictions Awareness Week (NAAW) in Canada. Every year, organizations across the country observe this important week and do what they can to help those who may be struggling with addictions, while raising awareness and sharing information as to how family and friends can create support networks.
2025-11-13
Debt Solutions
Many may feel ashamed, embarrassed and completely overwhelmed about their debt. People experiencing debt-related stress often suffer from many associated health issues, such as sleepless nights, headaches, tension and more. And feeling out of control when it comes to managing their debt payments often prevents people from taking control of their financial situation. Not all debt results from overspending, living beyond one’s means, frivolous behavior or money mismanagement. To answer your questions about the stigma of debt, and to learn about the options available to you, tune into our Stigma of Debt VLOG series below with MNP's Licensed Insolvency Trustees.
2025-11-12
Bankruptcy Consumer Proposal
Summer fun doesn’t have to come with a hefty price tag.
