Hi, i filed bankruptcy 3 years ago and it has been discharged i had a car in my naame with credit acceptance last year and payed it off this month, i got a 2004 impala from dealer acceptance, my credit score is 555, i am trying to get a 2002 chevy avalanche with 112000 miles on it i was approved for road loans but the company had to be franchised and the car no more than 70000 miles on it which the dealer met neither standard. My question is, is there any way i can get a 14,000 dollar loan for this truck? thanks!
2007-08-25 14:25:40 · 5 answers · asked by Anonymous in Business & Finance ➔ Credit
the truck is for my 17 year old son who the car i just payed off belonged to as well he always payed his payments in full and on time so im trying to get him this truck but he cant get credit for a while yet....
2007-08-25 16:00:42 · update #1
also im not getting myself into the same situation since the situation wasnt that i got into debt and couldnt get out, we had refinanced our home and made monthly payments and all of a sudden action finance said we missed a payment 8 months back and we owed them several thousand dollars due to late fees but we had the statement showing they cashed the check but they wouldnt listen after many lawyer fees later we finally won but in the process were in depth with lawyer fees that the court wouldnt make action finance pay like originally told by the lawyer they would. It wasnt unresponsibility is was misinformation and chance that caused my bankruptcy
2007-08-25 16:03:21 · update #2
Sorry, no "legitimate" lender will lend on any vehicle with over 100K miles. Why would you want to finance such a vehicle anyway? Take your 14K and buy a vehicle you can afford with less mileage. That thing is a nightmare waiting to happen.
2007-08-25 17:59:35 · answer #1 · answered by Richard S. 3 · 0⤊ 0⤋
Aim for the following 3 major goals while repairing credit:
1. Make a commitment to pay the bills within the due date always. Also ensure you do not carry forward any balance on the credit cards each month.
2. Open a savings account and go on saving regularly. This acts as a protective shield if you face any financial crisis.
3. Plan and adhere to a manageable budget. You can get many such ideas and tips on proper budgeting on the Internet.
2007-08-25 22:25:21 · answer #2 · answered by Pitty T 2 · 0⤊ 1⤋
Lots of people think that once they’ve filed for bankruptcy they will be unable to ever get a loan again, and ultimately they are unable to do anything financial ever again. This isn’t always true, there arewill help to improve your credit history in a number of different ways.
2007-08-25 21:43:56 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You just paid off your car loan and you want to jump into another car loan right away? Maybe you should put off buying that truck till you've save enough to pay cash for it.
2007-08-25 21:49:56 · answer #4 · answered by bdancer222 7 · 1⤊ 1⤋
Please re read your question, does it make since to you? You are setting yourself up to repeat the same thing you just got over. Keep what you have, save your money.
2007-08-25 22:18:37 · answer #5 · answered by gizmoe 3 · 0⤊ 1⤋