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Posts Tagged ‘bankruptcy auto loans’

Things Lender Look for in Bankruptcy Auto Loans

Wednesday, November 17th, 2010

Auto loans for bankrupts or bankruptcy auto loans were once considered to be impossible as no lender would wish to provide their money to a person who has filed for bankruptcy. Those who don’t know about this problem wonder why it is such a serious issue. Basically, a bankruptcy charge means that the user had a huge debt on his/her head in the past and didn’t have the money to pay for it which led to the charge. One can understand why it would be difficult for a lender to go into such mess when there are many other people looking for finances. Read More…

Getting Approval for Auto Loans After A Bankruptcy

Friday, January 1st, 2010

When you go bankrupt, your credit reputation is destroyed. You are disfranchised and treated like a financial leper. Been able to get auto loans after been bankrupt is quite a herculean task because bankruptcy martyrs your credit reputation.

Getting approval for an auto loan is one of the ways by which you can rebuild you credit score and report after bankruptcy. The problem with auto loans after bankruptcy is been able to get a loan. If you were someone who has gone bankrupt in the past, getting approval for an auto loan would definitely be difficult because most loaners consider granting you a loan to be a high-risk investment. Read More…

Chapter 13 and Auto Loans – What You Should Know

Wednesday, November 25th, 2009

Bankruptcy itself can be a really stressful procedure and life after bankruptcy can be even more difficult because you are actually starting off worse than you did when you were a teen. People find it especially difficult to qualify for any type of auto loans especially after they chapter 13 case has been discharged or dismissed. I will admit to the fact that it can be hard but its certainly not impossible. When you know how to go about it the right way nothing is impossible and especially not getting auto loans. Read More…

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