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Surrendering a Car???

Valued Contributor

Re: Surrendering a Car???

Read my signature. I'm also a paralegal.

Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 1/22/15 TU 645; EQ 605; EX 633 New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $12k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $750 / Target $400 / PPSC $800 / Conoco $700 (last app 09/29/14)
Moderator Emeritus

Re: Surrendering a Car???

mighty_mouse2-tm.jpg

 

Just a friendly message from your neighborhood moderator reminding everyone to please play nicely.  Smiley Wink

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Valued Contributor

Re: Surrendering a Car???

Thanks shogun warrior.

Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 1/22/15 TU 645; EQ 605; EX 633 New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $12k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $750 / Target $400 / PPSC $800 / Conoco $700 (last app 09/29/14)
Valued Member

Re: Surrendering a Car???

I feel like I'm gonna cry.  Just applied for a Capital One Auto Loan and was denied.  I am too surrendering my car in my bankruptcy and need to find a vehicle for transportation to and from work.  Does anyone have any suggestions as to where I should apply or when I should apply?  My bk was filed this week but I am so nervous thinking that I won't be able to find a car and then won't be able to get to work.  Thank you for helping me! Smiley Happy

Regular Contributor

Re: Surrendering a Car???

Santander and Wells Fargo are pretty popular post-bk lenders. Wait until your discharge, then apply at roadloans.com or something similar. I got my first post bk7 car loan with wells fargo 2 days or so post discharge, the interest rate was sooo high 19.99, but you can always build some positive history with the high interest loan and then refinance with a credit union

Valued Contributor

Re: Surrendering a Car???

Prestige Financial actually financed me two weeks after filing and before my 341. The interest was insane, but I paid for six months then refied with my credit union at half the rate. It can be done. I also think it depends on your jurisdiction, because I've recommended prestige to others and they didn't get helped. Won't hurt to try.

Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 1/22/15 TU 645; EQ 605; EX 633 New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $12k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $750 / Target $400 / PPSC $800 / Conoco $700 (last app 09/29/14)
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Valued Member

Re: Surrendering a Car???

I will try those places after my bk is discharged.  It's nice to know there is hope.  Thank you!!

Valued Contributor

Re: Surrendering a Car???

i was in a very similar boat when i filed...take my word for it there is a lender out there (drivetime, jd byryder, any buy here pay here) that will want your money. on one hand yes you filed bk but on the other the lender knows you can not file again for 7-10 years btw i have had 2 loans since bk first one had 19.99 apr, second 1 year later has 5.9