You can still get a car even if you re finishing up a bankruptcy proceeding.
Open chapter 13 auto financing.
If you need an auto loan you may be wondering about where to find car dealers that deal.
No matter if you file a chapter 7 or a chapter 13 dealing with a bankruptcy isn t easy.
How to receive bankruptcy open chapter 13 auto loans.
But that s not the truth.
The dealer will draw up a buyer s order with the details of the loan for the borrower to take.
After finding a dealer and lender willing to work with someone in bankruptcy you ll need to follow these four steps in order to get approved for a car loan with an open chapter 13.
Chapter 13 open bankruptcy auto loans an open bankruptcy is the time period from when you first submit your application until you receive the discharge paper from the judge.
It is actually fairly common for a car to be purchased during this time period.
The first step is finding a dealership that s signed up subprime lenders who are willing to finance an open bankruptcy loan.
For this reason the bankruptcy courts and trustees have made it fairly simple to buy a car after filing for chapter 13 bankruptcy.
An auto loan will only be considered after the chapter 7 bankruptcy is complete and you have your 341 papers.
Start with us today.
These steps ensure that you don t take on more debt than you can handle once again putting your finances at risk.
Obtaining an open bk car loan requires a few more steps than it normally takes to get auto financing.
If you re ready to find financing but aren t sure where to turn let auto credit express lead the way.
Financing a car while in chapter 13 bankruptcy many people think that once they go into bankruptcy their ability to buy pretty much anything on credit is gone.
You shouldn t let this scare you though.
In case you re not familar there are two major differences between a ch 7 and ch 13 bankruptcy.
We work with an extensive network of special finance dealers that have the lending resources available for people who are struggling with credit issues including bankruptcy.
It can be difficult finding a dealer willing to work with someone in a chapter 13 bankruptcy.
To get the court s permission a specific series of steps must be followed.
The first is that while a ch.
The process of financing a car during a chapter 13 bankruptcy.
Purchasing a car after filing for chapter 13 bankruptcy is sometimes necessary.
4 steps to getting a car loan in chapter 13.
Get a buyer s order from a dealership.
