If you're struggling with car loan payments, learn what happens when you miss payments and understand your options. This guide explains your rights as a borrower, what lenders can legally do, and walks through all available solutions to deal with the situation and eliminate problem car loan debt.
Category: Dealing with Debt
Yes, you can get a car loan during and after a consumer proposal. Learn how to improve your approval chances, understand interest rates, and use car loan payments to rebuild your credit. Many Canadians successfully finance vehicles at both stages with proper preparation and realistic expectations.
Category: Consumer Proposals
Learn how to get relief from overwhelming car loan debt through a consumer proposal. Understand your options when you owe more than your car is worth and how to handle voluntary surrender, and include any remaining car loan balance in your proposal.
Category: Consumer Proposals
Learn if you can keep your car in a consumer proposal in Canada whether owned or finances. Understand provincial exemptions, secured debts, and key rules to protect your vehicle.
Category: Assets & Property
Do you have 407 ETR debts piling up that you can no longer afford to make payments towards? Find out if these debts are considered secured or unsecured, and if they can be eliminated in an insolvency.
Category: Debts Discharged
Are leased or financed vehicles included in your bankruptcy? Learn how car payments are treated in a bankruptcy or consumer proposal and what happens to your car loan or lease obligation.
Category: Assets & Property
Considering borrowing against your vehicle to help deal with some debts? Find out how car title loans work, the advantages and disadvantages, and other options you have to pay off debts.
Category: Loans & Borrowing
If you are filing for a consumer proposal or bankruptcy, should you keep your expensive vehicle loan? Find out if it’s in your best interest to voluntarily surrender your vehicle as part of your insolvency.
Category: Creditor Actions
Your lender can repossess your car if you are not making your payments on time. Learn about what a vehicle repossession means for you and your debts, options to keep your car or handle the remaining debt.
Category: Creditor Actions
You may know your car lender has a right to repossess your vehicle if you don't make payments, but can other lenders (like a payday lender) make a claim on your car? We explain when this can happen & what to do.
Category: Creditor Actions
How you finance a car purchase can lead to financial problems. Find out how longer term car loans and rollovers are contributing to loan shortfalls and insolvency filings.
Category: Assets & Property
