Tags: Chapt, Finance A Car, Finance Car
This entry was posted on November 2, 2009, 11:58 pm and is filed under Credit. You can follow any responses to this entry through RSS 2.0. You can leave a response, or trackback from your own site.
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#1 by nawnndawn on November 6, 2009 - 8:37 am
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I claimed about four years ago…Wait till its discharged, then get a copy of your credit report that way if you need to dispute anythig then you would do it beofre you go out and try and finance a car. Hope this helps. From what i remember getting the official discharge letter dint take very long.
good luck to you
#2 by orchidmg on November 6, 2009 - 2:49 pm
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Shouldn’t your lawyer have explained this to you? It’ll be years. Personal bankruptcy isn’t a good thing to do.
#3 by elee on November 7, 2009 - 3:03 pm
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The mail still get them the interest rates are usually crappy but.
The mail still get them the mail still get them the interest rates are usually crappy but its start you can refinance later.
#4 by GUS on November 11, 2009 - 12:52 am
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Normally you will have to wait until you get your discharge. The lenders will not loan you any money while the BK is still open because you could turn around and include the new loan in the BK as well. You will pay a higher rate but shop around because the rates can differ a lot depending on your circumstances and the lender. About a year after my BK was discharged I got a loan on a new car through a credit union at 6.75%. I put down $7500 on a 30K car so the lender was not taking a big risk though. Good Luck
#5 by Michael B on November 12, 2009 - 2:31 am
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Seven years for an almost reasonable rate. Some lenders will finance you today at high interest rates that you wouldn’t believe.
#6 by See Saw on November 13, 2009 - 12:19 am
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Just because your old dues have been cleared, it does not imply you go berserk with loan applications. Exercise restraint while getting new loans or credit cards. If you take it easy and make timely payments, credit repair after bankruptcy will far simpler. The key is to pay on time all throughout. This will smoothen the process of credit repair after bankruptcy. Of course, you will have to pay higher interest rates than you paid previously. The fact is credit repair after bankruptcy is a slow process and many lenders will consider you a risky applicant. However if you stick to this approach, you will get better credit ll]Just because your old dues have been cleared, it does not imply you go berserk with loan applications. Exercise restraint while getting new loans or credit cards. If you take it easy and make timely payments, credit repair after bankruptcy will far simpler. The key is to pay on time all throughout. This will smoothen the process of credit repair after bankruptcy. Of course, you will have to pay higher interest rates than you paid previously. The fact is credit repair after bankruptcy is a slow process and many lenders will consider you a risky applicant. However if you stick to this approach, you will get better credit later on.]