Alabama Bankruptcies '07-'11
- 2007: 23,533
- 2008: 28,997
- 2009: 34,161
- 2010: 35,455
- 2011: 29,732
How can you start to rebuild your credit after a bankruptcy? Getting a car loan is one of the best ways to raise your credit score, and bankruptcy auto financing in Alabama is available for those who need it. And while the number of AL bankruptcies filed has fallen since 2008 there were still over 29,000 residents who went bankrupt and can use help getting back into a vehicle.
Luckily, we have local Alabama special finance lenders that are willing to work with your credit situation, past car repossessions, and bankruptcies. Because there were so many bankruptcies filed in 2011 we are expecting there to be a lot of people looking to get a car loan while in bankruptcy.
How to Get Bankruptcy Car Loans in Alabama
Although we do suggest you are discharged before beginning the process of bankruptcy car loans in AL, here at Bankruptcy Auto Financing we can help you get approved for bk auto loans while in an open bankruptcy. But first you must get an “Authorization to Incur Debt” form from your trustee, which could take up to two to three weeks, so plan accordingly.
If you’re looking to start rebuilding your credit score after bankruptcy with auto financing start by filling out our online application to see if you are pre-approved. We will contact you with your information and if you are approved we will get you an appointment set up with an Alabama special finance lender near you.
Remember we are not lawyers and cannot give legal advice. The situations discussed are only our experiences over the year and may vary with each customer.