You've filed Chapter 7, Chapter 11 or Chapter 13 and the debtors are off your back. Now it's time to rebuild your credit. HallCredit.com compiled this guide to post bankruptcy auto financing for those who are ready for their first auto loan after bankruptcy.
Can You Get a Car Loan After Bankruptcy?
The short answer is that yes, you can. But it may take awhile for you to rebuild your credit to the point where you can get post bankruptcy auto financing. First you should know that your bankruptcy stays on your record for ten years, while any bad credit you may have accrued stays on your record for seven years.
That doesn't mean you have to wait to buy a new car. HallCredit.com specializes in assisting good people with not so good credit. Fill out an application, and you can begin the process of rebuilding your credit through automotive financing.
Bankruptcy Auto Loans: Quick Answer, Long Process
The quick answer to securing the credit you need to get a car loan after bankruptcy is that you must maintain responsible credit practices over time.
This means that you must pay all your bills on time, refrain from applying frequently for more credit, pay off significant portions of your credit cards, and be patient.
Live within your means and you'll soon have your first auto loan after bankruptcy. At HallCredit.com we specialize in auto financing after bankruptcy, so fill out one of our applications today-you might already qualify for some post bankruptcy auto loans.