Your credit score is an indicator to lenders which represents the risk they may incur by extending you credit. It represents your credit history and how well you’ve managed credit it the past. For those who have yet to establish any credit history, your credit score simply reflects that you are an unknown risk who has yet to prove credit worthiness.

Although your credit history is not the only factor lenders consider when evaluating credit risk, it still remains a major factor in the decision. Those with lower credit scores may still obtain auto financing, but generally at higher rates with less favourable terms than those with higher credit scores. 

Not only can Love Your Loan help you get the auto financing you need, but we will help you improve your credit over time (if needed) so that you can later refinance at more favourable terms.