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It's prime-time for sub-prime loans | LendCare...
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6 November 2019

Business

It's prime-time for non-prime loans

Did you know 30% of Canadians cannot get bank or OEM financing approval for their new vehicle?

Often these consumers may have a high level of credit, but given their risk factors , require, at least in the short-term a non-prime lending solution.

TransUnion reported a 4.2% increase in consumer credit balance in Q1 of 2019. It just so happens that the auto industry is one of the largest markets where this growth is taking place.

Good news for Canadian dealerships.

66% of all Canadian consumers seek financing directly from a dealership. This is 10% above the global average, signaling a huge opportunity in the non-prime market for car dealers.

The opportunity to capitalize on this consumer market is a great way to generate more business and sales volume. It takes very small changes in how a dealership handles these customers to start seeing a very large increase in revenue.

That’s where we come in…

LendCare provides your business with full circle financing solutions that fit everyone’s needs. We don’t make you jump through hoops to get your sub-prime customers approved and have less conditions than your traditional lending options. We get you lightning-fast approvals, right at point of sale, then direct deposit your funds within a few days of you booking the deal.

LendCare gets you paid and takes care of everything that comes after. We are the perfect solution for catering to all your customers, regardless of their credit score, while helping you maximize profit and customer retention.

Don’t believe us? Send us your declines today, and see for yourself how LendCare will change the way you view credit potential.


COVID-19 Updates

COVID-19 Updates


With recent developments to the COVID-19 mandates and the lockdown issued by the Government of Ontario and Quebec, effective Dec 26th, we wanted to let you know that we are still here to service our partners' needs.


While we are all impacted during this COVID-19 pandemic, we are maintaining a solid support system for your business needs. At LendCare, we make it our priority to ensure that we continue to provide your business and our customers with the care they deserve.


We are committed to providing you with the same level of service that you have become accustomed to, so that the financing process is as seamless as possible. We continue to operate at full capacity and would like to reassure you that we are continuing to process applications and issue payments. We are still fully capable of processing and authorizing loan agreements. 


Feel free to contact us by email, phone or through our online contact form should you require any assistance. We will keep you updated on any changes that affect our business operations. If you have any questions or concerns, please reach out to us as you would normally, and we will be happy to respond to you.