Just discharged from Chapter 13.My credit score is going up every month.Can I get a new car?

Question

Even with a decent score.Will the bankruptcy hurt me?

Answer 1

Sure you can. Recently discharged bankruptcy's are a Special Finance dream deal. There are several lenders that specialize in this type of loan.

Your bankruptcy will cause you to pay higher a interest rate but it will also give you the opportunity to re-establish your credit. One of the best things a person can do to re-establish credit after a B.K. is to finance a vehicle.

Look in this Sundays paper and find a dealer near you that advertises Special Finance, call them and they will be able to help you. You will need to provide proof of your income, proof of your residence, proof of your phone and 7-references with names, addresses and phone numbers and may be required to put $1,000.00 down.

I have been doing this for over 7-years and believe my, you can buy.

Answer 2

financial ruin is an fairly complicated factor to pass by way of. Your credit would be affected yet understand you possibly can say with the help of ways plenty till the financial ruin is in place. factors as to how plenty became discharged and one in all those credit it became additionally would be seen whilst the credit is classified. Be very careful in case you will practice for credit every time on the factor of the release date. The financial ruin courts and your lenders that have had to take a loss due on your submitting financial ruin would be monitoring your credit occasions.

Answer 3

You just got out of debt and you want to dive back in again? Your bankruptcy will stay on your credit record for seven years.
Have you learned anything from your experience, like maybe you cannot manage money.
Save money if you can, and buy a used car with cash.

Answer 4

be smart and dont rush into credit, or you will end up right back in the red again, i know