Can I Get Approved For a Car Loan After a Chapter 7 Or 13 Bankruptcy Discharge Or Dismissal?
One of the most common situations that people find themselves in after a Chapter 7 or 13 Bankruptcy is needing to get a newer car, but not having the credit to get a decent interest rate. It seems that all of the banks and car dealerships want to see credit re-established first. But, how can you get your credit report repaired if no one will offer you credit? Not all lenders are created equal. That’s a key point to keep in mind. While some will quickly turn you down for a car loan, others are waiting for you to knock on their door (or website). There are loan companies and auto lenders that are in the business of helping people to get auto loans after bankruptcy discharge or dismissal. If you aren’t familiar with them, you’ve probably had a tough time finding them. Many are on the internet. One thing to keep in mind is that after a Chapter 7 or 13 Bankruptcy discharge or dismissal, these types of lenders will look at more than just your credit score. Your simple ability to repay a loan
