Tips on how to start to get a good credit history = lower payments – by Cynthia Pineda Filipino Product Advisor

December 8th, 2022 by

A credit score is a number that expresses your credit information at one point in time. It indicates the risk you represent for lenders, compared with other consumers, on a scale from 300 to 900. High scores on this scale are good. The higher your score, the lower the risk for the lender.

Why do your credit report and credit score matter?

Because lenders want to know how you have handled credit in the past to determine how well you are likely to handle it in the future. Credit card issuers, auto dealerships and mortgage lenders will check your credit score before deciding how much they are willing to lend you and at what interest rate. Insurance companies, landlords and employers may also look at your credit report to see how financially responsible you are before issuing an insurance policy, renting out an apartment or giving you a job.

If you have a poor credit rating or credit score:

  • you may be denied credit or you may need to obtain a co-signer to be approved for credit
  • you may have to pay a higher interest rate
  • you may not be able to rent the apartment or get the job you want.


Welcome to Heninger Toyota ‘s Finance Centre, your auto loan and car lease resource in Calgary, Alberta. Are you looking to buy a new or used Toyota (or other make and model) vehicle but not sure what price range is best suited for you, what your monthly payment would be or you have hit a few bumps with your credit and are not sure what to do?

All types of credit, from good to bad, can qualify for an auto loan. Even if you have no credit, we are here to help. We will work with you to secure a no credit car loan if your situation demands it. Throughout the years

Heninger Toyota has built strong relationships with reputable finance companies, and is committed to finding you the perfect car loan to suit your needs. Low interest car loans are available for customers with existing loans. We can help you refinance your Toyota car loan or adjust the term of the contract.

You’re just a step away from approved car financing and driving away in your new Toyota!

Heninger Toyota 3640 Macleod Trail S, Calgary, Alberta


Monday – Thursday 9:00am – 9 pm

Friday and Saturday 9:00am – 6 pm

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