What are some good car finance companies after you file for BK?
16 January 2010I recently filed for bk, got my discharge paperwork in January.
I want to re-establish my credit, and my attorney said a car loan would be the thing to do, since you can get a car loan fairly easy after bk. What i want to know is who are the companies that will work with you if you’ve had a bk-the ones that will give you a loan and not try and not trick u? Any responses are greatly apprectiated.
You CAN get a decent car loan, even with bad credit. I’ve done it, but you’ll have to look around. That’s one of the BIG mistakes people make…just taking the first offer that’s given to them when they go to the dealer. Be smarter than that.
WARNING: DON’T GO TO BUY A CAR WITHOUT HAVING THE LOAN FIRST. The auto dealers will eat you alive and give you a crappy rate. Shop around with lenders who specialize in bad credit car loans. It’s a better option, you don’t have to take what they’re offering if you don’t want it, and it’s better than dealing with the car dealer’s people.
There are usually some nationally based car loan companies who specialize in bad credit car loans who advertise on the page linked below…
http://www.axalda.info/bad-credit-car-loan.html
January 16th, 2010 at 3:40 pm
DON’T KNOW ABOUT CAR LOANS, BUT CREDIT CARD WOULD BE CAPITAL ONE.
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January 16th, 2010 at 4:29 pm
I used to sell cars at Ford. Ford credit was very open to BK customers once they had their discharge papers in order. I sold many cars to people with BK’s there and they are very reputable. I would assume that other car companies offer similar finance offers as well. I also heard that Capital One car loans will work with BK customers. Good Luck…..it’s not that hard if its been discharged.
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January 16th, 2010 at 5:13 pm
after 9-11 a lot of companies went bellied up & the company i worked for was one of them. I took unemployment looked for work for a yr or so,got behind on everything except rent & utilities. I had to go BK ,after about couple of months i got credit card offers w/ off the wall fees & so on. Then Capital One offered me a car loan after having a CC w/them for 1 yr at 14%. The good deals you won’t get for a long time just keep up w/ your payments. DO NOT GO WITH BUY HERE PAY HERE. Try capital one or other resources you may pay higher interest but it won’t be as much as buy here pay her. Good Luck
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January 16th, 2010 at 5:56 pm
You CAN get a decent car loan, even with bad credit. I’ve done it, but you’ll have to look around. That’s one of the BIG mistakes people make…just taking the first offer that’s given to them when they go to the dealer. Be smarter than that.
WARNING: DON’T GO TO BUY A CAR WITHOUT HAVING THE LOAN FIRST. The auto dealers will eat you alive and give you a crappy rate. Shop around with lenders who specialize in bad credit car loans. It’s a better option, you don’t have to take what they’re offering if you don’t want it, and it’s better than dealing with the car dealer’s people.
There are usually some nationally based car loan companies who specialize in bad credit car loans who advertise on the page linked below…
http://www.axalda.info/bad-credit-car-loan.html
References :