08-15-2012 05:21 PM
I am filing my Chapter 7 on Saturday. My score pre-filing are Equifax= 435, TU=439, and XPN=459. I want to get these scores in the mid 650 range in teh next 6 months. I am competely committed and ready to do this. What steps would you recommend? I am lost and reading like crazy trying to get an understanding of how to make this work. Also, I will be giving up my car. (Hunk of Junk Anyway) Trying to get into a new (meaning NEW) car asap with a reasonable interest rate. Can anyone share anything to make this a reality for me.
Thaks in Advance!
08-15-2012 05:31 PM
Hello FreNichole and welcome to the board! You picked the right place to come get some advise. Ive found alot of valuable credit advise here. I filed BK chapter 7 in Jan/Feb of this year and I am now discharged. I filed on my Buy Here Pay Here Car as well. I was able to get a car loan with a real finance company the day I got my discharge papers in the mail. I wouldnt recommend that you do that but thats your decision. I dont regret my loan. I got a okay interest rate, a great car and low payments. They are low to me because my payments on my other car were $400 a month and now I pay $200.
You should get a lot of flyers in the mail for BK friendly auto lenders after your discharged. I went to 6 car places before anyone would finance me though. So be prepared for rejection because it isnt easy to get approved right after you get discharged. I would suggest that you get a CC after your discharged to help bring your scores up. Also check your CR to make sure everything is listed accurately. Mine was a mess and Im still trying to get it fixed.
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