A decline is not a verdict on you. This guide explains the specific reasons Ontario lenders say no — a debt-to-income ratio that is too tight, recent stress on your credit file, variable income a bank cannot read, or a vehicle it will not finance — and lays out a calm four-step plan to stop the application spiral and apply once, in the right place. Includes how Legacy’s in-house lease and lending-partner car loans work, and where to find Legacy’s credit education page (O.A.C.

Need a vehicle before filing a consumer proposal in Ontario, especially with negative equity? Timing matters: many non-prime lenders wait until your proposal shows on your credit bureau. This guide explains what lenders look for, how Legacy Auto Credit may be able to approve its own in-house lease before you file (O.A.C.), and why your Licensed Insolvency Trustee should be part of the plan.