Catch A New Dream After Your Bankruptcy – Get A New Car

October 20, 2011 by  Filed under: Bankruptcy 

If you are interested in learning how to finance a car after bankruptcy, you have come to the right place. “I don’t have any credit cards, I don’t have a car, I lost everything and I have nothing,” she said. “How am I supposed to get back on my feet and get a car after all I have been through?”

Susan and her husband thought they were doing everything right, until their daughter got sick and insurance didn’t cover her surgery and hospital bills.

They were forced to file bankruptcy.

The Truth Is: You May Never Get Back Your Old Life Style – But You Can Rebuild A Much Better Life Than What You Had Before

There are circumstances that may leave you looking for a car shortly after filing for a discharge of your debts. Where this may be a little more difficult because of your new, lower credit score and having a bankruptcy on your credit report, it may still be possible.

If you find yourself in this position, you will not want to miss this information. Catch a new dream on how to finance a car after bankruptcy, right here, right now. This is the start of your new life. You can build whatever you want now. You have a clean slate.

How To Start Rebuilding Your Credit History Right Away

The sooner you begin to reestablish your credit the quicker you can get back on your feet and rebuild your life. A car loan can be the first step to rebuilding your credit.

Why You Want To Start With Sub-Prime Lenders

Contact Sub-Prime Lenders: Sub-prime lenders are vendors who are willing to loan money for those asking how to finance a car after bankruptcy. They are able to do this by charging slightly higher interest rates. Another reason these lenders are able to do this is that if you should default they do have the choice of repossessing the vehicle. These lenders offer you the opportunity to start rebuilding your credit right away.

Three Top Choices For Finding Sub-Prime Lenders In Your Area

* The first choice would to be to do an online search. By taking this route, you can find websites that will allow you to fill in your personal information one time and the sites will present it to several lenders. These lenders may bid for your business and this could mean a chance at getting the best possible interest.

* The second choice would be a local bank or credit union. Although not every bank or credit union will work with those that have less than perfect credit, some may finance a car loan after bankruptcy. This may require a little more time on your part by simply doing a search to find a bank that will present you with a loan.

* A third choice would be an auto consultant. Auto consultants are licensed in the car business and have several resources willing to loan money for a car loan for those that have bad credit. You will more likely have the ability to explain your situation because an auto consultant works for you. You may find that you get more personal service because of this.

The key to rebuilding your credit is to be responsible and pay your bills on time. After getting your car loan you may want to apply for a secured credit card to help rebuild your credit even more.

If you enjoyed this article and want to learn more, Click Here… we have the antidote for your car buying blues during and after your bankruptcy.

Here’s a short video for you from 9News called, Coming Back From Bankruptcy that can help you get the car you need and want much easier.

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