Rebuild help

[Anonymous]

Good evening I hope this finds you in good health and happy spirits. I recently discharged from a chapter 7 last week and included in the bankruptcy was NFCU, Military Star, USAA, CarMax, Exeter finance, conns, aafes, CandF, Barclays and credit one. So far I have prequalified for a Credit One Platinum VISA and a Capital One MasterCard. I currently need advice on auto loans as I didn’t receive a pre qualify from Capital One. Thank you for any assistance you may provide.

[Beilin]

I didn’t qualify for capital one either after discharge. If possible, the best option is to pay cash for a car until your scores improve. On the other hand, I got a preapproval from Carvana a week after discharge with only $400 down but the APR was too high so I decided to wait until my scores were better. It is definitely possible to get an auto loan but you will for sure have a high APR and high down payment requirement. Have you combed over your credit reports to make sure everything’s reporting correctly?

[Anonymous]

Thank you for the help I truly appreciate it and from what I have went over so far everything is showing as it should.