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Car Loan BC - The truth about Re-establishing Credit in British Columbia
Many Canadians in BC falsely believe that if they wait long enough after their credit problems occur, they will eventually qualify for a loan with low interest rates. This is not true. Most credit blemishes stay on your credit bureau for seven years, then once they are removed, you will find yourself in the situation of having No Credit! Banks look at No credit worse than bad credit because the lenders have no background information to consider while deciding on your loan.
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