Agreed. VFC provides a valuable service in today's financial environment. More people don't qualify for traditional bank financing that do these days. With companies like Scotiabank and TD lining up to buy these types of lenders, they show confidence in their sucessful business models. Visit www.AutoCreditCarLoans.com for more information on purchasing vehicles with bad credit histories.

Well they are a high interest lender, they offer a risky service for an appropriate fee. The side-loans you speak of are a tool they offer for people for those added, non-automotive items they may need. The key word is offer, nobody is obligated to take it. It'd be nice if their rates were lower, but when we put ourselves in their shoes... what rate would you apply to someone you don't know, but you do know has a lousy credit past?

Ayup, but watch yourself they're slippery.

A friend of mine bought his car through them, the interest rates were significant. They then offered him a "line of credit" for $2000, and were kind enough to set everything off (The monthly payment is 95% interest). They also offer to allow him to make an "interest only" payment every now or then (ironic, as the bulk of the payment is interest).

I'm not saying they're evil, but they certainly do seem make it easy for an uninformed consumer to slide down that slippery slope.

VFC Inc. is owned by TD Canada Trust and has a strong credit rebuilding background through it's programs.

Bad Credit Auto Loans Toronto
NewRoadsCredit.com

VFC specializes in helping people who have less than perfect credit. Keep in mind that their interest rates are pretty high.

This is one lender that the auto dealer and loan brokers will shop to get you a vehicle.
high risk credit lenders in canada
From VFC's website:

"One of Canada?s largest indirect consumer finance companies, VFC Inc (TSX: VFC) is a leading provider of automotive purchase financing and consumer installment loans. Founded in 1994,"

Who are the high risk credit lenders in canada?

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