Region served
A judgment on your credit report is settled before funding or out of it. How lenders treat it on a purchase in Laval.
The score matters less than what sits behind it. The lender wants to know how long ago the item was settled, whether your credit has recovered since, and whether the file stands without that line. A proposal or bankruptcy discharged two years ago with rebuilt credit is not treated like last month’s late payment.
Your full credit report, discharge or release papers for anything settled, proof of payment for what remains. Add your notices of assessment and proof of your down payment. The stronger the down payment, the more negotiable everything else gets.
A bankruptcy, a proposal, a judgment or a collection account does not close the door for good. The lender wants to know how long ago it was settled and what you have rebuilt since, in Laval as anywhere in Quebec.
The lender keeps what it can verify on its own: payments made on time for several months, balances going down, credit used without going over the limit. An explanation that leaves no trace on your report does not carry much weight.
An alternative lender costs more than a bank. The real question is what that buys you: time to rebuild, or a bridge to a conventional rate. The exit plan matters more than the rate, in Laval as anywhere.
A stopgap is only a stopgap if the way out is written down: what has to change, by when, and what the move back to ordinary financing costs. Otherwise the temporary arrangement becomes permanent.
To prepare
Yes. It all runs by phone, email or video call, and documents go through online. We can meet in person, but most files get settled without anyone having to travel.
Often two years after discharge, with credit rebuilt and paid on time since. Some lenders say yes sooner if the down payment is bigger. What you have rebuilt counts, not just the time that has passed.
Pick the situation closest to yours.
Contact
Buying, renewing, refinancing, or something a bit out of the ordinary: tell us where you’re at, even if it’s still fuzzy. Mathieu gets back to you with next steps and the documents to pull together.