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Most banks will not offer auto loans for people who are facing bankruptcy. It is a very bad idea for a bank to offer any kind of loan to someone who cannot pay it back.
Wiki User
∙ 10y ago
Wiki User
∙ 10y agoBankruptcy auto loans are very difficult to obtain. Some insurance companies do provide them. However they come with extremely high rates as well as poor terms.
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Your ex has filed bankruptcy and you are a cobuyer on the auto loan what will happen now?
You will be responsible for the loan payments
You owe your sister money can you file bankruptcy on that loan?
If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.
Where can one obtain a car loan after having claimed bankruptcy?
You can obtain a car loan after having claimed bankruptcy by applying online at the Cars Direct website. Cars Direct is well known for helping people with poor credit obtain an auto loan.
Does filing bankruptcy decrease the chances of you obtaining a home or auto loan?
Absolutely.
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.
How can one get a car loan after bankruptcy?
There are a number of places one may be able to get a loan to purchase a car after declaring bankruptcy. Depending on how long ago the bankruptcy was declared, a number of banks and credit unions may offer one a loan.
Auto Co-signer files bankruptcy does primary have to keep the loan?
The loan becomes at worst like a single-signer loan. You are free to refinance or pay it off. Which you were, anyway. The only entity affected by the bankruptcy of a cosigner on a loan is the lender.
Where can one find an auto loan calculator?
There are several places where one can find auto loan calculators. One can find an auto loan calculator on several websites such as Auto 123, and Chase.
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!
What are the fees you have to pay when buying a car from a dealership?
Get fast approval for auto finance loan and Auto Loan Financing including bad credit auto financing. Instant auto financing loan provides financing for a new auto loan and used auto loan even if you have bad credit, poor credit, slow credit or after bankruptcy. Our bad credit auto financing programs is available in all 50 US stats in http://www.autofinance-ez.com/
Recovering From Bad Credit?
One of the best ways to recover from bad credit after filing bankruptcy is to get a car loan and make the payments on time. Perhaps it is possible to get an auto finance loan while in Bankruptcy but, there are a couple of issues to note. The interest rate for an auto loan while in Bankruptcy will not be good. Bankruptcy Trustee approval is needed if you do finance a vehicle while re-paying a Bankruptcy. An alternative to traditional auto financing is to borrow money from a family member or friend. This will allow you to get the money needed for your next vehicle without the worry of finance fees or interest rates. It is important to know that this is a business transaction and a signed agreement will protect all parties involved.
Where can someone go to obtain a bankruptcy home loan?
To obtain a bankruptcy home loan one could make an appointment with their local bank to talk to an advisor. One could also make an appointment with a bankruptcy lawyer.
