Want to buy car, filed bankruptcy in April Discharge in August. Desperately need now.....Credit?

Question

IS there any dealership that may be willing to work with me in the Philadelphia or anywhere area. I filed for bankruptcy chapter 7 in April and my discharge should be in August. My car broke down this Friday and now im totally stuck

I need to get a car and paying for it will be no problem for me since I have a good job. Is there anywhere that would be willing to work with me even though im not discharged yet?

Thanks

Answer 1

My experience is that most creditors won't deal with you until your discharge is entered. The problem for you is that your case could be dismissed and refiled. A creditor lending you money now takes the risk that you could refile the case later if your case is dismissed for some reason.

In the meantime, visit my blog for tips on how to rebuilding your credit after bankruptcy.

Answer 2

Is the car that broke down paid for? Is it worth anything in it's present state? Don't go to a dealership and try to get a loan on a new or dealership used car. You need a "$2000 sitting on someone's front lawn" car that you can pay cash for. If you were planning on making car payments over the next few months, you could put that money under your mattress instead and save for 4 or 5 months and you'll be able to get a driveable car that won't look pretty but it will keep you out of debt. Can you walk to work in the meantime? Carpool? Borrow a car? Beg your parents to take you to work since you're now going to do something intelligent with your finances like paying cash for a reasonable car? See what you can do to make it until you have this cash saved up. For great financial advice for normal people, go to daveramsey's website and explore it for a while. Read his book . .. Total Money Makeover and get the concepts down. You CAN get over this bankruptcy but you don't want to end up there again by starting out right away with more debt. Trust me.....I know more than one person who did the exact same thing.

Answer 3

Unfortunately, people that file for bankruptcy go back to the same financial habits soon after, because no one else is looking after the decisions that they make. Credit Card companies especially love the newly bankrupt fools...You pay a higher interest rate and the cycle never ends.....your answer depends on what state you declared bankruptcy. Most tend to demand you wait at least 1 to 2 years....Others allow you to go ahead and take your chances.....You are the one that will pay in the end anyway.....and avoiding another bankruptcy is what your FIRST priority should be...if not you can go to jail if you file within 7 years.....good luck and make better choices this time around.

Answer 4

One step at a time! Check your credit score and report and see if there is anything bad on it... if all you have is the bankruptcy and you have a solid income then you should be ok... If there are any other bad things on your credit report it might be a good idea to get those fixed asap. Check out my links below to get started on it..

Answer 5

Just go to a dealer near you that advertises Spcial Finance.

This is what I do for a living and there are a couple of lenders out there that will work with people in open chapter 7 bankruptcy's.

Answer 6

ull need to go to a used car lot that handles bad/ no credit loans, u should see ads for it on tv .

Answer 7

The most appropriate site for your question –
http://www.usalegalcare.com/Bankruptcy.htm

Trust me its good