Having no credit history is different from having bad credit — but it can feel just as frustrating when you're trying to get a car loan. Traditional lenders and banks often reject applications from first-time borrowers simply because there's no credit file to assess.
Ready Ride takes a different approach. We work with lenders who specialize in no-credit and thin-file applications, evaluating your income, employment stability, and overall financial picture rather than relying solely on a credit score that doesn't yet exist.
Ready Ride's Newcomers Program was created specifically for people who are new to Canada and have not yet had the opportunity to build a Canadian credit history. Whether you arrived recently or have been in Canada for a few years without establishing credit, we can help.
Getting approved for a car loan through Ready Ride is also one of the fastest ways to start building your Canadian credit score. Every on-time monthly payment is reported to the credit bureaus, helping you establish a positive credit history that opens doors to better financial products in the future.