New Contributor
4us-
Posts: 90
Registered: ‎08-06-2012
Question - after bk

Hi All!

 

I love this forum and have learned so much just by lurking.  I joined NFCU last week.  I am wondering if I would be able to get an auto loan there after my bk is discharged in about a month.  Does anyone have any experience with this?  What could I do to up my chances (set up direct deposit, open a secured cc, etc)

 

Thanks!

BK Filed 7/1/12 --- EX: 494 EQ: 505 TU: 505
10/12 EX: 599 EQ: 599 TU: 599

BK Discharge 10/23/12
Cap1 $3000 (AU) / NFCU Visa $500

GOAL #1: 660
Regular Contributor
coreyb80
Posts: 106
Registered: ‎07-26-2012
Re: Question - after bk

Honestly they may want to see at least 12-24 month post BK payment history before giving you the loan.  I tried with my local CU and they requested the same.  Once I get an auto loan I will be going back to them to refi.  YMMV and blessings on your quest.

New Contributor
4us-
Posts: 90
Registered: ‎08-06-2012
Re: Question - after bk

Thank you for the info! 

 

Blessings to you too!

BK Filed 7/1/12 --- EX: 494 EQ: 505 TU: 505
10/12 EX: 599 EQ: 599 TU: 599

BK Discharge 10/23/12
Cap1 $3000 (AU) / NFCU Visa $500

GOAL #1: 660
Contributor
Poorboi
Posts: 86
Registered: ‎06-02-2012
Re: Question - after bk

Capital one approved me of a car loan the same day of my discharge. I didn't take it . It was 16k max I wanted /needed more

New Contributor
4us-
Posts: 90
Registered: ‎08-06-2012
Re: Question - after bk

I would take 16k.  I don't think I would want more, depending on the interest rate.  What rate did they offer you?

 

Thanks!

BK Filed 7/1/12 --- EX: 494 EQ: 505 TU: 505
10/12 EX: 599 EQ: 599 TU: 599

BK Discharge 10/23/12
Cap1 $3000 (AU) / NFCU Visa $500

GOAL #1: 660
Regular Contributor
coreyb80
Posts: 106
Registered: ‎07-26-2012
Re: Question - after bk

A 16K approval would be nice right about now.  I'm going to wait until my discharge is completed which should be around mid November as we just had our 341 on the 18th.

New Contributor
4us-
Posts: 90
Registered: ‎08-06-2012
Re: Question - after bk

This waiting game is the worst!  I had my 341 in August.  I'm hoping for a mid-October discharge, but I'll bet it will be towards the end. 

BK Filed 7/1/12 --- EX: 494 EQ: 505 TU: 505
10/12 EX: 599 EQ: 599 TU: 599

BK Discharge 10/23/12
Cap1 $3000 (AU) / NFCU Visa $500

GOAL #1: 660
Regular Contributor
coreyb80
Posts: 106
Registered: ‎07-26-2012
Re: Question - after bk

I agree the waiting game is the worst.  I'm attempting to avoid anymore inquiries until I'm officially discharged.

New Contributor
4us-
Posts: 90
Registered: ‎08-06-2012
Re: Question - after bk

What have you applied for and been approved?  I want to jumpstart my rebuilding...but I'm afraid of the denials!

BK Filed 7/1/12 --- EX: 494 EQ: 505 TU: 505
10/12 EX: 599 EQ: 599 TU: 599

BK Discharge 10/23/12
Cap1 $3000 (AU) / NFCU Visa $500

GOAL #1: 660
Regular Contributor
coreyb80
Posts: 106
Registered: ‎07-26-2012
Re: Question - after bk

I've only tried Cap One and was denied.  I believe this is because my debts from them being included in my 7 hasn't been discharged yet.  I'll try once I receive my official discharge.  I'm not applying for anything else until then.