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Used Car Loan For People With Bad Credit

Used Car Loan For People With Bad CreditWHERE can I get a car loan with bad credit and bankruptcy on my credit report?

I tried several places, including banks and dealers and i cannot get approved everywhere. I know people who have obtained loans from car just after the bankruptcy filing and they leave with a new car, I can not even approved for a used car. I need a new vehicle soon.

Auto financing is what I do in life and there are many lenders out there who will be ready for people with BK landfill fees. Find a large dealer that advertises Special Finance and go talk to the manager, they should be able to help.

The only people you approve dealers everybody finance ", where you pay 25% percent interest on a car that sells for twice what it's worth.
Think for a minute ... Would you loan money with bad credit and bankruptcy?
If you really know people who "walked away with a new car" why not ask them how they got it?

check to the local credit union. they gave me a car loan and a secured credit card that will help rebuild my credit after bankruptcy.

My god ... I had to make 4 or 5 spammers on this issue.

I was recently discharged from bankruptcy last April and I know my Capital One credit line extended. I have a Yahoo search for "auto loans and bad credit choose a familiar name. Merrick Bank is also a sub prime lender thats considered a "big name" of the Bank. Another good place, I would check a local credit union, they are much more lenient in extending credit to poor people or the history of past failures. I was released in April and has obtained a personal loan from my bank 3 weeks ago with interest of 4.25% for 12 months.

Do not let anyone scare you about interest rates. Yeah, its not going to be the going market rate of 6 or 7%, but my colleague has filed Chapter 7 last year and 3 months after discharge has received a loan from a lot of cars (the bank do not know exactly who made the loan) for 9.5% and 0 down.

Good luck!

Posted on February 16, 2010.
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