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Auto Loan- Chapter 7 Bankruptcy discharged 1 week ago?
I had filed for Chapter 7 Bankruptcy which was discharged 1 week ago. My immediate requirement is to purchase /lease an automobile. Can someone eceommed some companies who will finance me in this situation. I have been told that not too many dealers offer programs for indiciudlas like myself and the ones that do, take a great advantage of situation by offering high ionterets rates and no additional discounts .
7 Answers
- 1 decade agoFavorite Answer
Congratulations on your bankruptcy discharge. There are several companies who are willing to finance a car for you.
I would advise you to contact your attorney to see if he has a recommended list of companies. As a part of my services for my clients, my office does follow up with clients to make sure their credit reports have no inaccuracies reported and to make sure the client is making good financial decisions. Your bankruptcy attorney may also have a program such as this.
In the meantime, I would also advise you to contact several car dealers in your area. Do not allow them to pull your credit report right away, simply tell them what you are trying to accomplish. A good finance manager will know his sources and know the criteria that you have to meet.
A few companies that are bankruptcy friendly:
Drive Financial: www.drivefinancial.com
Road Loans: www.roadloans.com
Source(s): I'm a bankruptcy attorney - 6 years ago
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Auto Loan- Chapter 7 Bankruptcy discharged 1 week ago?
I had filed for Chapter 7 Bankruptcy which was discharged 1 week ago. My immediate requirement is to purchase /lease an automobile. Can someone eceommed some companies who will finance me in this situation. I have been told that not too many dealers offer programs for indiciudlas like myself and...
Source(s): auto loan chapter 7 bankruptcy discharged 1 week ago: https://biturl.im/H65AD - How do you think about the answers? You can sign in to vote the answer.
- Anonymous1 decade ago
Lots of people think that once they’ve filed for bankruptcy they will be unable to ever get a loan again, and ultimately they are unable to do anything financial ever again. This isn’t always true, there are<!--always ways to improve your financial standing, and there are also ways to repair your damaged credit rating.
http://best-loans.awardspace.com/Bankruptcy.htm
In fact one of the best ways to improve your credit rating is to refinance your home mortgage, this-->will help to improve your credit history in a number of different ways.
- GGLv 71 decade ago
as far as i know, there are plenty of companies like this. google this and then call around to dealerships asking this