Auto Refi following Ch 7 BK
10-07-2012 07:09 PM
I have a perfect car payment history, since 2000, with one exception. I was 42 days past due on my car loan with a local CU and they repoed my car! The CU had pulled a credit report, and my financial picture became clear. I was on a fast track toward a Ch7 BK, and they worried I would end up rolling my car into it so they took it back before I had the chance. Never been late or had ANY other issues with a car payment, EVER!!! Too bad I had planned to maintain current payments and KEEP that car through the BK process. Stupid CU.
Following the repo, I could only find financing from Santander, and am currently financed with them at something like 26%. I financed with them before filing my Ch7 BK, and reaffirmed the debt during the BK process. My BK was discharged April 2012. I have maintained a perfect payment history on this car since I acquired it in April 2011.
Santander has started to report to the bureau's again, which is great. However, I am TIRED of paying the interest rate that I am! So I am looking to refi this puppy with another company. Only problem is- I haven't a CLUE which companies will touch a refi following BK! Google research led me to 1) Santander and 2) Roadloans. These are the same company and I am currently financed with Santander, so that doesn't help me in the least.
Anyone have suggestions on who to apply to in order to obtain an auto refi following Ch7 BK? I could really use some "been there, done that" advice as I really can't afford a bunch of credit rejections. Help?!?
Starting Score: UNKNOWN
Current Score: UNKNOWN
Goal Score: 700
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