Utah has experienced an increase in bankruptcy cases in the last five years which means there are a lot of Utahans looking to rebuild their credit. Getting a Utah auto loan is one of the best ways to reestablish poor credit because of a bankruptcy. Here at BankruptcyAutoFinancing.com we can help you rebuild credit with Utah bk car loans at a reasonable interest rate and down payment that you can afford.
New or Used Car Loans after Bankruptcy in Utah
Since bankruptcy can hurt your credit score significantly you will be considered a “high risk” borrower which means you will have a higher interest rate than someone with good credit. Although getting no money down auto financing after bankruptcy is nearly impossible; you still have options, look at getting into a used car instead of a new car.
Used car financing while in bankruptcy is much easier to obtain and much more affordable for you. Used cars have a lower price tag, lower insurance rates, and lower interest rates. This is extremely important because you will need to prove to your Utah bankruptcy judge that you can afford a new line of credit while in bankruptcy. Getting your judge on your side can be very difficult, and it might work out better if you can wait until you are discharged from bankruptcy to get a Utah bankruptcy auto loan.
Apply for Utah Bankruptcy Auto Financing Today
Before submitting your application use our bankruptcy auto loan calculator to see exactly what you can afford to pay each month. Then use our online application to see if you are preapproved. We can help you get the auto financing in Utah that you need whether you are currently in bankruptcy or have been discharged.
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.