We are looking for a car loan but can not find anyone that will lend us the money. Our credit is not bad except for the discharged bankruptcy. We can afford a car payment and we are not looking for a brand new car just a used car. We do not want to deal with a buy here pay here place either. Does anyone have any suggestions. We would need a car dealer in missouri.
2007-04-16 03:17:13 · 5 answers · asked by mom 1 in Business & Finance ➔ Credit
This is what I do for a living.
Look in Sundays newspaper and find a dealer near you that advertises special finance. Call them and speak to the manager, they will be able to help you.
If you were not included in your husband bankruptcy? You might consider buying the vehicle in your name only. Or you be the primary buyer with your husband as the co-signer.
Whatever you do, do not go to a buy here pay her lot. They cahrge way to much for their vehicles and most do not report to the credit bureaus so any payments you and your husband make do nothing to re-establish his credit.
2007-04-16 03:30:30 · answer #1 · answered by ? 7 · 0⤊ 0⤋
You don't say whether you have tried to establish any other credit after the bankruptcy. I filed when I got divorced because my ex husband did, and there was a predatory lending issue that would be passed onto me if I didn't too. I have gotten car loans and credit cards since. If you have a good credit history, you should be able to. Try to establish other credit first, or come up with a good down payment, and the dealership will work with you.
2007-04-16 03:31:25 · answer #2 · answered by karenhar 5 · 0⤊ 0⤋
More than likely it is much too soon to acquire a car loan with any agency other than a buy here-pay here. Once a bankruptcy is filed and even discharged a major trust has been broken and the price will be paid.
2007-04-16 03:26:32 · answer #3 · answered by Johnny 7 · 0⤊ 0⤋
Try to get the loan in your name only. Some lenders will allow you to use both your income and his to justify the loan amount while using you and your credit history alone as the financially responsible party.
2007-04-16 03:25:39 · answer #4 · answered by robin0408 4 · 0⤊ 0⤋
if the discharge is not in your name you should try and get the loan in your name only.
2007-04-16 03:23:21 · answer #5 · answered by carolyn 3 · 0⤊ 0⤋