Do you accept customers who have defaults or judgments on their credit file?

For Consumer Lending, customers with defaults or judgments may be considered, subject to the following specific criteria:

• Paid Defaults/Judgments: These are acceptable. 

• Auto Loan Defaults:
  • Any unpaid default related to a previous auto/vehicle loan is a knockout and will result in a declined application.
  • Paid auto defaults can be considered subject to full credit assessment

• Unpaid Defaults/Judgments:

  • Unpaid non-financial defaults are accepted.

  • Unpaid financial defaults are accepted only if they were listed more than 6 months ago from the application date. 

• Unpaid Financial Default Limits:

  • Maximum of 2 unpaid financial defaults.

  • The combined total of all unpaid financial defaults must not exceed $15,000.