12-05-2010 08:08 AM
Do any major car companies such as Honda, Toyota or Nissan, Ford give financing after a BK with a farily good credit score? Where else might you get a car loan and what type of interest rate?
12-05-2010 09:12 AM
To answer your question directly yes they do offer financing post BK. Rates may not be as good but the possibility to finance is available. Requirements may be different between creditors/lenders do your homework and research them.
12-05-2010 10:31 AM
As far as I can remember I was never turned down for any type of loan because of my BK but of course I know I paid higher rates because of it.
Credit unions can be a good source for possible financing. If you have any in your local area I would talk to several of them.
From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".
12-06-2010 01:47 PM
Toyota and Nissan/Infiniti would be at the top of my list.
Nissan will go down to 620 and still offer special financing
Toyota will go to 650 - Tier 3 for them and still give you special financing and leasing.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.