Return to Prime

Return To Prime with Palladino Lending Solutions in Sudbury, Ontario

a salesperson handing a set of car keys to a young man and his partner

If there’s one thing 2020 has taught us or reinforced, it’s that life can be incredibly unpredictable. Whether health issues have impacted your earning potential or the pandemic has impacted your business, unforeseen circumstances can have a major impact on your life—including your credit situation.

Here at Palladino Lending Solutions we’re sympathetic to this, which is why we’re in the business of finding solutions to your credit concerns. One way in which we do this is our new Return To Prime program, which can help you regain control over your finances while allowing you to still drive the vehicle that’s right for your needs. Read on to learn more about how you can improve your credit and Return To Prime with Palladino Lending Solutions!

What Is Prime?

Prime credit is the second highest credit rating you can get, just behind super prime. If your credit score falls into the prime category, lenders consider you to be of very little risk which opens up a huge range of low interest rates and financing options. Of course, maintaining a high credit score isn’t always the easiest thing to do, especially when dealing with all the unforeseen circumstances and complications life can throw your way. 

When your credit score drops below prime, you’ll find yourself in subprime territory (also known as bad credit, or non-prime). This means that lending institutions view you as a higher risk, and charge you accordingly. This can even lead to greater financial difficulties, as some dealerships will target subprime borrowers and burden them with unrealistic car payments—leading to further missed payments, weakening their credit score even further. Our Return To Prime program is meant to do the opposite: to help you find a great vehicle at an affordable price, and help improve your credit score over time.

a person out of frame, working on some paperwork with a calculator in the back

How Can Palladino Lending Solutions Help?

We want to help you find a solution to your credit woes, so rather than saddle you with even more debt we reward you for making your payments on time. Return To Prime allows you to reduce your vehicle loan’s interest rate, year over year, allowing you to both save money in the long run and help re-establish your credit score—all you have to do is make your payments on time! We make this easier, thanks to our proprietary iDealerPlus software, which helps us find a vehicle that suits your needs while providing a better loan-to-value ratio than the average dealership.

So let Palladino Lending Solutions help ease your credit concerns; not only do we have a huge variety of new and pre-owned vehicles spanning every make and model, but we’ll work with you to help improve your credit without hampering your ability to live your life the way you want to. Contact us, or fill out our simple credit application form and learn how Palladino Lending Solutions can help you Return To Prime!