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If you co sign on a auto loan and they file chapter 13 bankruptcy how do you keep your credit from showing not paid on time?
Wiki User
∙ 15y ago
You know the answer: YOU have to make the payments. You agreed to do that when you signed the agreement. Of course, you may be eligible for bankruptcy also.
Wiki User
∙ 15y ago
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What type of entry is placed on a credit report when a bankruptcy petitioner reaffirms their auto lease?
The auto lender would show that the loan has been reafirmed or just simply show that payments are still being made thus you still have an active open account showing on your credit report.
Where can you find car loans available to those who have been through a bankruptcy?
It sounds like a tough job to find an auto loan after bankruptcy, but not impossible. Look for a lender that specialize in bad credit or no credit loans. Prepare to make a large downpayment, and much higher interest rates. Wait until 2 years after your chapter 13, that will give you better chances.
What are the fees you have to pay when buying a car from a dealership?
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Allcreditautoscom provides auto loans for any credit situation bad credit no credit bankruptcy search multiple lenders to get a quote which car is shown on their registration page?
Honda.
When cosigning for someone does the bank notify you on the borrowers credit affairs?
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Bankruptcy Auto Loans- Buy the Vehicle You Want?
Consumers looking for a way to get an auto loan with a bankruptcy on their record may consider payday loans to meet their needs. Payday loans are unsecured loans meant to help out those who need cash fast, and who do not have a good credit score. These loan companies do not check their customers credit score, and even a repossession or bankruptcy will have no bearing on the eligibility of the loan. For those looking to get an auto loan when dealing with a bankruptcy, a payday loan my be the type of company that can really help out.
Will a voluntary auto repossession still show on your credit reports after Chapter 7 is discharged?
Most likely. They are two separate issues.AnswerYes. It will show that you no longer owe the debt, as well. AnswerIt MAY show up, however, if the debt for the vehicle was discharged in bankruptcy, it cannot be reported. There can be no negative reporting on a discharged debt - not even for a voluntary repo. If the vehicle was surrendered as part of the bankruptcy, the loan should show as a ZERO balance, no past dues, and 'included in bankruptcy' on your credit report.
If you are a co-borrower on a mortgage and the other co-borrower has just filed bankruptcy will this affect your credit rating?
Yes. I co-signed for an auto loan and the other borrower filed bankruptcy without notifying me. I was in the process of buying a home and before I went to settlement they pulled my credit again and her bankruptcy came up - preventing me from getting the house. So yes it will affect your credit because it will show up on your credit report that that person has filed for bankruptcy.
How soon after filing a chapter 7 can someone take out a loan to purchase a car?
It used to be with a chapter 7, that you could go out as soon as your bankruptcy was discharged and get credit. In fact, you'd get credit card offers all the time. Not so much now with the economy the way it is. You should still be able to find some sub-prime auto financing, but be prepared to pay high interest rates for a while.
Can auto and home defiencies and garnesheements be entered into a ch13 bankruptcy?
If you mean, can they be included in a chapter 13, the answer is, they must be. If you mean, can you file a chapter 13 because of garnishments and secured loan payment arrears, yes, that's what chapter 13 is for.
Auto Loans Bankruptcy - Borrower, Beware?
If you have recently declared bankruptcy, you may be surprised to receive an offer for auto loans bankruptcy that promises you quick approval despite your financial status. Chances are that this offer is either an outright scam or a very limited loan at high interest with many restrictions. Auto loans bankruptcy are almost never offered by reputable lenders, and usually what you are really receiving is a solicitation from a credit advisor who may even demand a fee before searching for what he claims is an approved auto loan. Basically, auto loans bankruptcy are rarely available - so borrower, beware!
Auto Loans With Bankruptcy?
Bankruptcy is a life event most people want to avoid; however, it can happen to the best of people. Economic uncertainty and layoffs have led many people to have to file for bankruptcy. Many people just need an opportunity to start over with their financial life. Although it may be a little more difficult, it is possible for people to secure auto loans with bankruptcy on their record. The type of bankruptcy makes a difference. A chapter 7 bankruptcy gives a person the opportunity to start completely over. Lenders will look at the person's ability to pay for the auto loan. Auto loans with bankruptcy on the record may take more creative work, but it is possible to obtain.
