Car loan after Chapter 7

[Anonymous]

Hi DD2015 and welcome to the forums. I've split your post off to start a new thread. All I changed was the title-MarineVietVet, myFICO moderator.

---

Hi all, New to the Forum but WOW lots of great info! I have a question I will be discharged from Chapter 7 around May or So of this year. There will be one reaffirmed car loan which belongs to my husband I am the Co-Signer my Income is 45k No mortgage our home is completely paid for and my student loans are in forebearance. My scores are currently 599,s range. Is it possible to obtain a New car loan immediately after around 25-26k with 5,000.00 down. I have a history of two cars being paid off in full one recently in 2011 another in 2009. Any advice greatly appreciated, ready to start over and do it right. Thanks in advance.

[StartingOver10]

---

@Anonymous wrote:
Hi all, New to the Forum but WOW lots of great info! I have a question I will be discharged from Chapter 7 around May or So of this year. There will be one reaffirmed car loan which belongs to my husband I am the Co-Signer my Income is 45k No mortgage our home is completely paid for and my student loans are in forebearance. My scores are currently 599,s range. Is it possible to obtain a New car loan immediately after around 25-26k with 5,000.00 down. I have a history of two cars being paid off in full one recently in 2011 another in 2009. Any advice greatly appreciated, ready to start over and do it right. Thanks in advance.

---

When did you receive your discharge?  Oops! I see you don't have your discharge yet.

Wait until you have your discharge in hand.  You can check PACER and download it when it is available. Don't apply for any credit, including a vehicle loan, prior to discharge. Also before you apply take the time to make sure all of your discharged tradelines are reporting correctly (iib and zero balance) before you make application. If you do that, your score will be in much better shape. It won't take long. Take a look at the rebuilding section to see others that have been where you are now. If you prepare yourself right, you will be able to get decent financing immediately after your discharge (not before so don't waste the inqs).

[Anonymous]

Thank you so much for responding, I will follow the boards for Rebuilding my credit .

[SunriseEarth]

---

@Anonymous wrote:

Hi DD2015 and welcome to the forums. I've split your post off to start a new thread. All I changed was the title-MarineVietVet, myFICO moderator.

---

Hi all, New to the Forum but WOW lots of great info! I have a question I will be discharged from Chapter 7 around May or So of this year. There will be one reaffirmed car loan which belongs to my husband I am the Co-Signer my Income is 45k No mortgage our home is completely paid for and my student loans are in forebearance. My scores are currently 599,s range. Is it possible to obtain a New car loan immediately after around 25-26k with 5,000.00 down. I have a history of two cars being paid off in full one recently in 2011 another in 2009. Any advice greatly appreciated, ready to start over and do it right. Thanks in advance.

---

OP, we've merged your threads together for consolidated answers.

Based on your info you've given, I think lenders who pull auto-enhanced scores would likely prove beneficial.  You might consider purchasing those scores here to give you a better idea of your standing at that time.