Thinking Outside the Box for Bankruptcy Auto Loans

Thinking Outside the Box for Bankruptcy Auto Loans

Bankruptcy Auto LoansYou might think that going to your bank or credit union is the only way to get an auto loan. If you have filed bankruptcy though, it may be time to think outside the box. Most traditional lenders will require a huge down payment, charge very high interest rates, or simply refuse to give you an auto loan.

After wasting hours or even days trying to get financed you may find yourself frustrated and ready to plop down your hard earned cash on an old clunker at the end of someone's driveway. The good news is that you don't have to go that route. There are auto loan options available to you, whether you've filed Chapter 7 or Chapter 13 bankruptcy.

Buy Here Pay Here Dealers

Many people who have filed bankruptcy turn to Buy Here Pay Here dealers when they need a car. These tote the note lots let you purchase a car without having to go through a bank. They often don't take your credit score into account, which makes them so tempting for people with dinged credit.

Although this will temporarily solve your transportation issues, purchasing a car this way doesn't allow you to rebuild your credit after bankruptcy. Most of these in-house financing dealers don't report your on-time payments to the credit bureaus. They can also be very unforgiving when it comes to late payments, and will sometimes repo your car if you're even one day late.

Bankruptcy Auto Financing Online

A better option is to apply for bankruptcy auto financing online. Here at we use a secure, encrypted website, which means that your information is safe. Our network of trusted lenders covers the entire United States, which means that you can get bankruptcy auto financing from sea to shining sea.

To get started today, simply fill out our easy online application. You'll save time and money, and won't have to face the embarrassment of being rejected face-to-face. Before you know it, you could be driving a new-to-you vehicle that will help repair your dinged credit.

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.

Auto Loans After Bankruptcy

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