CALCULATE YOUR PAYMENT
* Actual financing offer from lender or dealer will vary based on your credit score and other stipulations.
When you ask most individuals today about their chances of getting an auto loan before a bankruptcy has been discharged off their credit history, the majority of them will assume that it is all but impossible as bankruptcies remain on a person's credit history for 7 to 10 years. You might be surprised to learn that bankruptcy car finance enables you to procure an auto loan or refinance your current auto before the bankruptcy has been removed from your credit history. Yes, it may be difficult at times but getting bankruptcy car finance is not impossible.
Depending on your current situation, you may have to contact your attorney in order to arrange a meeting with the bankruptcy trustee who is managing your case. You may be required to get written permission from them before attempting to obtain bankruptcy car finance for a new or used vehicle. If you have a purchase order for the vehicle, the trustee may want to see this in order to see the price range of vehicle you are considering.
Subprime lenders are in the business of providing different types of auto loans to individuals with poor credit histories which includes bankruptcy car finance. Normally, you will find that these lenders charge higher interest rates than other types of lenders so as to offset a person's poor credit score. This is also referred to as direct financing since you are dealing directly with a lender.
On the other hand, indirect lending is provided by the auto dealership that you wish to purchase your vehicle from. In some cases, these dealers will offer in-house bankruptcy car finance without a major credit check. Just beware of the fact that their interest rates are going to be considerably higher than others and very similar to the interest rates that you would find at a subprime lender.
The primary thing that you want to focus on is re-building your credit and bankruptcy car finance provides you with an opportunity to start doing that. Obtaining a second chance credit card is also advisable where this is concerned and will help you start getting your credit history back to an acceptable level. In either case, making on-time payments and maintaining that payment record with your credit card and your bankruptcy car finance is the best thing you can do to ensure re-building your credit score.
We help those with less than perfect credit and good credit get the perfect auto loan for their situation
If you are looking to start driving a new or used car, truck, SUV or hybrid then Driver Credit can match you with a lender or dealer group that has financing options to help a chapter 7 or chapter 13
Having a previous automobile repossession makes you an undesirable candidate for a new auto loan with a bank or a credit union. That does not mean however that there are no options available if you a
Multiple missed car payments do not go unnoticed by lenders. When premiums are unpaid for a certain amount of time, lenders exercise their right to a repo man. Each state has specifics for the regu
Online Auto Loans are in the forefront of auto lending. Applying for an auto loan online offers convenience and simplicity . Once applying with Driver Credit a lender will contact you regardless of yo
An Instant Auto Loan will put you or your family in the seat of the new car, truck or SUV that you want with Driver Credit. We aim to work with customers that want there auto loan application handled
Have you experience car repossession? Have you recently filed bankruptcy but are in need of a loan to purchase a vehicle? Are you a student looking for transportation to get you to and from, work and
If a bankruptcy if keeping you from driving the new car that you want then you are at the right place. Bankruptcy car loans are prone to dragging you down for years but it does not have to be that way