Some people believe that there is no way to get North Carolina car loans after bankruptcy discharge, but that is not the case. There is a huge market for vehicle financing with bankruptcy on your credit report. It is actually one of the best ways to rebuild credit; the secret is to wait until you have your discharge papers because getting approved for a car loan during bankruptcy is very difficult and can be lengthy.
NC Bk Auto Loans and Special Finance Lenders
- 2007: 8,384
- 2008: 10,303
- 2009: 13,891
- 2010: 13,409
- 2011: 10,876
- 2007: 10,714
- 2008: 11,505
- 2009: 12,452
- 2010: 11,824
- 2011: 11,489
- 2007: 19,098
- 2008: 21,808
- 2009: 26,343
- 2010: 25,233
- 2011: 22,365
|Chapter 7||Chapter 13||Combined|
As stated before, getting a new line of credit can be scary, and seems almost impossible at an affordable rate, but we can help. We have a network of NC special finance lenders that have an extensive background in bad credit auto financing and will work with any situation, including bankruptcy and repossession. They are more likely to approve you than any bank or credit union and give you a more affordable interest rate.
North Carolina has a population of over 9.6 million people, and in 2011 there was over 10% of the population looking for a job. This explains why there was over 22,000 personal bankruptcies filed, and why so many people are looking to rebuild their credit with an auto loan after bankruptcy.
Apply for North Carolina Vehicle Financing after Bk
Use our bankruptcy auto payment calculator to see what your monthly payment will be with your down payment or trade-in. Remember; the more you have to put down the vehicle the lower your monthly payment will be and the higher your chances are of being approved!
Apply online today to see if you are preapproved for a North Carolina bankruptcy car loan. We will send your information to the dealerships in your area and if you meet their minimum requirements we will set up an appointment to get you into that new car.
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.