Do you have a history of bankruptcy on your credit report and are afraid you will not be able to get auto financing? There are auto loans after bankruptcy available to those with a bk history but it depends on whether you have been discharged or dismissed from your bankruptcy if you will be approved. Unfortunately, having a bankruptcy dismissal will hurt your chances at an auto loan approval, which we have discussed in the past.
If you have filed for a personal bankruptcy you may have heard the terms "discharged bankruptcy" and "dismissed bankruptcy", but don't know what they mean. A discharged bankruptcy is granted to the debtors that successfully complete their bankruptcy, while a dismissal is given to those who unsuccessfully complete their bk case. If you have been discharged from a chapter 7 or chapter 13 bk chances are you may need an auto loan after bankruptcy.
Discharged Bk Auto Financing
There are bankruptcy auto loans readily available to those that have successfully completed their bk obligations. Although, you pose a higher risk to lenders because of your low credit score they are more willing to grant you a loan because you have made good on your debts, and have showed good faith.
Shopping online for these loans will get your the best chance at being approved.
By applying with BankruptcyAutoFinancing.com you are allowing us to find you
the nearest dealership accepting bankruptcy without doing any of the work. You
could be driving away in your new car in just a few shorts days.
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.