Bankruptcy

[Comet21]

Just wanted to report if it had not been reported already that Ford Motor Credit is BK friendly. I was discharged in June but I was able to qualify for 3.9% financing! You can see my scores from below but they reported my EX at 692!!! I will take it.

[Poorboi]

Please? I need more info?  What did you do in between time.  Any secured cards? Etc. what was on your reports after the discharge 

[Comet21]

No secured cards. Not that they are not good, I just never looked into them. Credit report was wiped clean with $0 Balances. I had to dispute a few accounts to be IIB. Plus the judgement that lead me to BK was still reporting . I disputed it and it was removed off of my report but not my DW. I have applied and received Cap1 Platinum and Credit 1. My wife has applied and received Cap 1 Platinum and Rewards, Credit 1, First Premier, and Valero Gas Card. We also reaffirmed our mortgage and auto loan.

[Scupra]

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Awesome to hear! Congrats on that awesome rate

[hawaii12]

wow that awesome i just in box you

[Comet21]

@Hawaii I just responded

[indecison]

I can say from experience they are BK friendly as well. 2 Years post BK 7 I got a truck at 6.9% and then 6 months later got a flex at 1.9%. It helped that I had bought many vehicles from them and never defaulted on those.

[VegasTeo702]

You guys are providing false information. They may have been BK friently to YOU. That does not mean they are to anyone else. You may have had a good down payment or decent amount of income to assist you in obtaining the loan. I was denied credit 6 months out of my BK. For everyone else considering Ford, Id say stay away...

[indecison]

Vegas how far past BK are you? Have you established credit at all since BK like a Credit Card or anything? You are correct that income can play as a factor as well as down payment. When I bought my Fords I had income but I only put $500 down in both instances.

[Scupra]

Everyones situation is different after BK and just because someone gets approved after a BK doesnt mean everyone will. Cap 1 is a bank we all consider BK friendly but not everyone will get approved for an unsecured card right out of BK.. Vegas, I think it is wrong to say he is providing "wrong information" Indecision was approved one month out of BK, I would say that is pretty friendly, wouldn't you? Like mentioned it has a lot to do with what you do with your credit after the BK and income definitely plays a part. Congrats again and thank you for the info