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Post Chap 7 Discharged best auto Loan company

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Caliboy97
Contributor

Post Chap 7 Discharged best auto Loan company

My Chapter 7 discharge is on track to be be finished on September 14th and looking into possibly getting a KIA Telluride for around 46k since I'm not reaffirming my Honda Loan i have since it doesn't show up on credit report anymore due to BK, and have a auto loan from 4 years back I paid off in 13 months that shows on CR.

Which banks are usually the most likely to approve out of bankruptcy or should I wait a couple months to do it. 

Once we are back to reopening in CA income should be around 70K +, only student loans will be leftover after discharge, Credit score mid 500s currently, 

 

Didn't burn in BK and Good standing with:

Navy Fed CU

Schools first CU

Altura CU

Chase 

Bankruptcy Discharge 9/21/2020
Starting Scores

May Update (Moving)

Slow and Steady Rebuild. Around 15K in revolving credit at 2% and 45K Auto Loan! Hoping to start upping those limits over time.
Capital one Platinum and Quicksilver | Kia Financial 49K auto loan | Navy Fed Secure Card | OpenSky Secure Card | Schools First FCU Card | Grain account | KikOff Loan and credit account | Student Loans Perfect history 16K left
2 REPLIES 2
mrjerry
Regular Contributor

Re: Post Chap 7 Discharged best auto Loan company

With a good downpayment, it shouldn't be an issue. I had a BK CH.7 back in 2012 and got an auto lease with Mercedes Benz financial 3 years after with. Single pay lease for 17980$

Message 2 of 3
Caliboy97
Contributor

Re: Post Chap 7 Discharged best auto Loan company

Okay sounds good. I'm just worried coming out of bankruptcy if I'll get approved for a decent size loan right away. I have low bills so my DTI will be low.

Bankruptcy Discharge 9/21/2020
Starting Scores

May Update (Moving)

Slow and Steady Rebuild. Around 15K in revolving credit at 2% and 45K Auto Loan! Hoping to start upping those limits over time.
Capital one Platinum and Quicksilver | Kia Financial 49K auto loan | Navy Fed Secure Card | OpenSky Secure Card | Schools First FCU Card | Grain account | KikOff Loan and credit account | Student Loans Perfect history 16K left
Message 3 of 3
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