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Saturday, October 24, 2009

I recently had a chapter 7 discharge can someone point me to a lender that would do a new auto loan?

Looking to buy a new Pickup we have a good income we just had to file bankruptcy due to several old medical bills. Need about $29,000

I recently had a chapter 7 discharge can someone point me to a lender that would do a new auto loan?
Caitlin B, Get an online auto loan quote. http://www.goodinternetdeals.com/Auto-Lo... The automated questionaire will give you results based on your credit and financial situation. It will only take a few minutes.
Reply:There are several lenders that have programs for recent bankruptcies. You may want to start at a local dealer and see if they have a "special financing department" However, if this is a recent bankruptcy or you have done nothing to start to rebuild your credit you are going to pay a higher interest rate, a higher down payment, and may have a co-signer required. On a 29K loan this is going to be quite a bit of money.





At the high end of them requiring a 20% down payment you would be financing about $23,000. Conservatively you are looking at a 19% interest rate. What this turns into is a monthly payment of about $538 for the next 6 years.





You may find it better for your situation to lower your expectations on the truck you can get right now. Instead of looking for a "new" pickup take a look at a used pickup that is a couple of years old.
Reply:


my name is sophia bryan,last three months when my business folded


up a friend of mine introduced me to michael dawson a private money lender


approved by the government who gave me a loan of $10,000 to reinstate my


business.


He lends at a minimum interest of 2% which is to be paid


installmentally at a duration of at most 10years.you can contact him at


michaeldawson_loanfirm @yahoo.com and get your loan approved within 24hours of


banking.






Reply:Hello,





I live in the US and i really have never seen goodness shown to me this


much in my life as i am a struggling mum with three kids and i have been going


through really rough times in my life and my name is Helen


Peters and in all this hard times, a worse incident occured in my life as i


lost my job which was my only means of survival and things became really bad as


i had bills to pay and my last son suffered a knee injury incurred when he fell


from a tree house and the doctors informed me that he needed a surgical


operation for his knee so he could walk again and at this point, life was


useless to me as i have no family and no one to run to and each night, i will


sit down and cry till the break of dun until one day, i read an advert on yahoo


answers of man that stated that he could help people in my shoes with loans and


in my desperate situation, i had no choice but i had to try and so shocking and


suprising, it was like an impossibility becoming a reality, i got a loan of


$75,000 USD even with my bad credit within 48 hours and my sons surgery was done


and thank GOD it was successful and now, i am okay and living in comfort with my


kids and i said to my self, i have never ever seen this kind of wonder in life


and i decided i will tell it to the whole wild world and i need every one to


thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family


even when all hope had been lost and gone and i will say to every one, no matter


how dark and sinful the world is today, there are still GOD fearing and reliable


people on earth and if you are in my former situation or require a loan


legitimately, i will advice you contact this loan lender and you can reach him


via patrickharvey12@yahoo.com and i want you all to pray for this man for me.






Reply:Most lenders affiliated with dealerships will probably give you a car loan if you have a good employment history but the trick is you will have to pay very high% rates. 25% maybe. How about a home equity loan to buy the car? Then you can write off the interest.





A comparison to whats available is good too..





http://www.surveyland.org/jump.php?link=...





Best of luck to you.
Reply:

It might really save you time to just get an auto loan estimate online to check out what the going rates are. You might be totally suprised. Also if your credit is not good, a lot of online loaners are more willing to work with people.



What I most often tell folks is that an internet quote at http://auto.lowratetoday.com is what I would do.


Reply: Depends on how long ago your Discharge was and How much money You make now . I think you might need 2 years Maybe After that long I was getting offers Galore
Reply:Ford Credit used to offer the best program for that. Their red carpet lease was the program they used most.


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