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08-26-2012 12:33 PM
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.
08-26-2012 03:24 PM
08-26-2012 07:45 PM
Awesome to hear! Congrats on that awesome rate
08-27-2012 12:47 PM
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.
08-27-2012 01:46 PM
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...
08-27-2012 03:00 PM
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.
08-27-2012 06:17 PM
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
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