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Auto Loan after Ch 7 discharge?

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wontsettle4less
New Member

Re: Auto Loan after Ch 7 discharge?

OMG!  This is the best news of the lot!  I wish I could have waited one more year before buying.  Smiley Mad

 

I can't wait to get 0% car loan offers or 2% credit card rates.  My highest revolving credit card interest rate pre-bankruptcy was 4%.  My have things changed.  Looking forward to rates like nicnac16 in my near future.  Smiley Very Happy


Starting Score: 530
Current Score: 549
Goal Score: 750


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Message 11 of 12
Christian123
New Contributor

Re: Auto Loan after Ch 7 discharge?

My BK was discharged on 2/2010.  I have never owned a car and my BK was due to bad money management of credit cards and unemployment for a year.  I applied for the Cap 1 blank check on 2/2011 and was approved for $30,000 with an interest rate of 9% for a 2011 car.  My scores were around 540-550 at the time! I decided to wait another year  to purchase, but I was really happy to be given the chance!

Starting Scores 3/10---EQ 495, TU 505
5/13- EQ 720, TU 722, EX 696(Lender Pull)
Gardening since 5/2013 until 3/2014
Closed on dream home- 12/17/13
Message 12 of 12
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