cancel
Showing results for 
Search instead for 
Did you mean: 

Auto lease after BK

tag
Anonymous
Not applicable

Auto lease after BK

I have a lease that I got in 2016 (ends in 2020)

Discharged Ch in Oct 2018. I had never been late on a single account when I filed, including lease. The lease was included in bk, but I have never been late on a payment and will finish the lease

They no longer report my payments to the credit bureaus. 

Does anyone know what will happen when I turn in the lease? Will I be elligible for fininacing because they can verify the payment in full? Will it not matter because I have a BK ? It will be 19 monts after discharge when I have to turn it in

Anyone in a similar situation?


Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: Auto lease after BK

If you are rebuilding properly (have a few credit cards, keep utilization low, minimal inquiries and scores in the mid to upper 600s or better) along with stable employment, you'll have no trouble financing another car at a decent rate.

Message 2 of 3
Anonymous
Not applicable

Re: Auto lease after BK

Thanks for the feedback

I have a few small cards (includung a secured Discover) that I am using wisely, hopefull that helps!


Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.