Getting back on your feet after an Alberta bankruptcy isn't always easy. Although it should be easier to pay your bills, filing bankruptcy can ding your credit for 7-10 years. Rebuilding your credit is one of the most important things you can do.
How to Rebuild Your Credit after Bankruptcy
Rebuilding your credit after bankruptcy isn't as difficult as it may seem. Many people think that they'll never be able to get financing ever again. The truth is that there are many ways to get loans for the things that you need, that will actually help fix your bad credit after bankruptcy.
The problem that most people who have filed bankruptcy face is that being approved for a loan can be difficult. Banks and credit unions will often charge high interest rates, require huge down payments or simply refuse to give you a loan. This means you will have to look for alternatives to these lenders.
You may not know where to turn when traditional lenders have turned you down. An online bankruptcy auto finance company such as BankruptcyAutoFinancing.com is the perfect alternative to a bank or credit union. One of the best ways to rebuild your credit after bankruptcy is to get an auto loan after bankruptcy and make payments on time.
Alberta Bankruptcy Auto Loan You Need
Obtaining the bankruptcy auto loan you need in Alberta is easier than ever. We have the best auto loans after bankruptcy whether you filed Chapter 7 or Chapter 13 bankruptcy. We've helped thousands of people get affordable used cars after bankruptcy for more than 10 years.
To get started, fill out our online application to see how much you could borrow. A bankruptcy loan specialist will contact you with your loan options. Then you just visit one of our used car dealers that accept bankruptcy clients in Edmonton, Red Deer or Calgary to pick out a new-to-you vehicle.
Not only will you drive away in a pre-owned vehicle that fits your budget, but you'll rebuild your credit at the same time. As your credit score goes up, you'll be able to get lower interest rates in the future. This will allow you to refinance your car down the road, trade it in for a newer one, or even buy a house.
Remember, we are not lawyers and cannot give legal advice. The situations discussed are only our experiences over the years and may vary with each customer.