Blank check auto loan lenders

[Anonymous]

Are there any blank check auto loan lenders out there that will provide loans to someone who was discharged from a BK in the last 4-5 months? I am looking for a used car that would be from the years 2008-2010.   I was preapproved by Capital One but the dealerships that I have seen the particular car I want are not on their dealer list.  I'm looking at a car that costs around $18k-$19k and I will put down $5k.  DTI 31% on my income alone.  If I add my wife's income it is 25%.  

[settleordelete]

Hmmm... Lendingtree.com.

[cartwrna]

Lending tree is a bad source, they shotgun your credit out to many lenders causing a ton of un needed hard pulls. They don't directly loan themselves, they're just a middle man.

[settleordelete]

That's true. I applied for a loan through lending tree back in 2011 and got a couple of good offers. However my Ford dealer gave me a better deal with FMC. So for someone in the O.P. situation I guess a credit union would be best. But with a bankruptcy, I wouldn't know any other way since I've never been there.

[Anonymous]

Well it turns out after some research the delaership I was looking at did take Cap One.  The thing was the dealer changed names and the Cap1 website had the old name.  Only issue is the car was not what I wanted.   So I'm back to waiting to find the right car.  

[StartingOver10]

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@cartwrna wrote:
Lending tree is a bad source, they shotgun your credit out to many lenders causing a ton of un needed hard pulls. They don't directly loan themselves, they're just a middle man.

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+1  Lots of hard pulls and all you are is a lead for lenders. Not worth it IMO

[Anonymous]

I suggest a credit union. DCU has a good reputation and is easy to join but most any credit union is going to be better than getting financed through a bank.

[Anonymous]

I joined a local credit union before I knew about DCU.   I don't know if they will provdie a loan for me less than a year after my discharge.  I will have to cross that bridge in a month or two.

[Anonymous]

Hi blips, I spoke to my new CU the other day about an auto loan as well. I got a secured card from them and the loan officer said they'd like to see about 6 mos of good payments post BK before graduating to other kinds of debt (car, mortgage, unsecured CC). I'd like to get a car in about 3 months, which is prob won't be enough for them, but I'll give it a try anyway. Might go with cap1 for the time being, then refi as soon as the CU will let me.

[Anonymous]

Are you looking for a new car or used?  If used will your CU provide a loan for independant dealers?