How Can You Buy A Used Car After Bankruptcy ?!!!
I want to trade-in my current car and finance one-third to one-half of the used car purchase. I don't want to pay high interest rates. I have steady employment and one secured credit card. How should I talk to my credit union and the dealership's credit department? Thank you!
Answer : The key is talking directly to the manager of the dealership, and showing that your finances are in order and you have a good source of income.The sad fact is many loan people see "bankruptcy" on your credit report and immediately rubberstamp reject on your application. Fortunately there are a lot of places (car dealers especially) that will give you the loan. You may have to pay a bit more in interest rates but that's the penalty you pay for filing bankruptcy.
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