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Regular Contributor
ChistineNJ
Posts: 144
Registered: ‎04-04-2013

Private seller auto loans post bk?

Is this possible? Im currently in a lease (not in my name) the purchase price will be about 25k for a 2011 traverse from ally. Turn back is 5/2014 at this point i wil be 10months post ch7 d/c. I have begun to rebuild. I can prove that ive been making the payments for 2 and half years and now i make a better salary. I have been approved fir a cap1 but i would have to get a new car just trying to keep the one ive put so much in already. Any one know of any private party that will loan post bk?
 Bk d/c 6/2013, Cap1 500.00, CU card 800.00, express 250, nrewards 2500.00, VS 500.00, quicksilver 1000.00, BML 500.00, CB Loan 1000.00

Starting Score: 553
Current Score: 630
Goal Score: 650


Take the myFICO Fitness Challenge

 Pre BK score: 565 (Credit-Infonet)
Filed Bk : 3/26/13
Scores: TU 591, EQU 579 EXP 516
BK D/C: 6/21/2013
Post Clean up Scores: TU 569, EQU 553 EXP 587
New Accounts
6/28 Capital One $300.00
7/ Fp $700.00
9/11 Express Retail Charge $250.00
10/28/13- nfcu nrewards $500.00
New Member
echoanswer
Posts: 5
Registered: ‎10-15-2013

Re: Private seller auto loans post bk?

The private party will not give you a loan. You'll have to get a loan through a credit union. The private party is just an individual selling the car themselves. They'll want cash. 

Regular Contributor
ChistineNJ
Posts: 144
Registered: ‎04-04-2013

Re: Private seller auto loans post bk?

Thank you, my wording was bad, im looking for a bank that will fund a private party purchase. I do belong to nfcu, i think the bk is whats perplexing me.
 Bk d/c 6/2013, Cap1 500.00, CU card 800.00, express 250, nrewards 2500.00, VS 500.00, quicksilver 1000.00, BML 500.00, CB Loan 1000.00

Starting Score: 553
Current Score: 630
Goal Score: 650


Take the myFICO Fitness Challenge

 Pre BK score: 565 (Credit-Infonet)
Filed Bk : 3/26/13
Scores: TU 591, EQU 579 EXP 516
BK D/C: 6/21/2013
Post Clean up Scores: TU 569, EQU 553 EXP 587
New Accounts
6/28 Capital One $300.00
7/ Fp $700.00
9/11 Express Retail Charge $250.00
10/28/13- nfcu nrewards $500.00

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