conseiller l'ami auto crédit qui arrête des dominos
conseiller l'ami auto crédit qui arrête des dominos

2nd and 3rd Chance Credit: Who Is It For?

If you’ve ever been turned down for a loan, you’ve probably heard of 2nd and 3rd chance auto credit options. However, if you’re new to the term, you may be wondering who this is for!

Who can benefit from these financing options? We’ll tell you more about the main situations that can lead someone to use them.


Those With a “Problematic” Credit Report

The first people you think of when seeing these terms are those who have experienced financial setbacks, for example:

  • Bankruptcy
  • Debt
  • Debt consolidation
  • Low income
  • Etc.

Most of the time, the difficulty derives from situations out of our control, such as sick leave or job loss. Divorce is also another situation that can lead to significant financial difficulties!

Other people, such as self-employed workers or retirees, are also hit hard by their credit report. In short, anyone can, at one time or another, need a helping hand to obtain credit for a car loan.

Those with a “Nonexistent” Credit History

It is very hard to get a loan when you’ve never had a chance to prove yourself to the credit bureaus! Some people have low credit scores, but others have no credit at all, including:

  • People who have had few loans in the past
  • Newcomers
  • Young people

Home auto financing becomes your first chance to show that you are a good payer! These solutions can set a positive precedent on your credit report.


Getting a free credit report will allow us to know if you are in one of these situations. At L’Ami Auto Crédit, in Chicoutimi, La Malbaie, Baie-Comeau, Alma and Sept-Îles, we have solutions tailored to your needs!

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