There are many Newnan, GA residents looking for car dealers that accept bankruptcy clients, but don’t know where to find them. You could drive from dealership to dealership and have the potential of being turned down and getting frustrated, or you could use the internet.
Finding Newnan dealerships that accept bankruptcy clients from the comfort of your own home gives you a sense of privacy, and gives you the chance to apply at multiple lenders at once increasing your chance of an approval.
Bankruptcy Statistics for Georgia
For the last five years Georgia has held a top five spot for personal bankruptcy filings. With the average income of $46,007 (nearly $4,000 under the national average) in 2011 and the economic recession leaving many of those people with an income much lower, or none at all, some Newnan residents were facing insurmountable debt.
As you can see from the table above the number of bk filings has been on a slow decline for a couple years, and experts believe it is due to the unemployment rate decreasing as more people return to work. While this is good news for the residents of Newnan, GA to be back to work many of their problems still aren’t resolved. During the time of unemployment many families accrued too much debt to pay back by themselves and still found themselves declaring bankruptcy.
Online Bankruptcy Lenders in Newnan, GA
Bankruptcy is a tool to help you get rid of your unsecured debt and because the courts require you to take credit counseling and debtor education classes you learn a better way to manage your finances. Unfortunately, this doesn’t make it any easier when looking to finance a vehicle with bankruptcy on your credit many dealerships will turn you away. This isn’t because you can’t be helped, but because they don’t know the process to get you financed.
Here at BankruptcyAutoFinancing.com we work with a network of Newnan, GA subprime lenders that specialize in bankruptcy car loans. Our lenders have all the tools and the experience needed to get you into an affordable car note, and you could be driving home in your new car in just a couple days. Apply online today to see what you can pre-qualify for.
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.