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    #1

    Approved for an auto loan!

    I was approved today for an auto loan on a 2003 Chevy Cavalier. The interest rate is high, but I can refinance it in six months, and get a comparable and good interest rate.

    Once again, I am now 8 months post discharge! There is life after bankruptcy folks!




    (Oh yeah. I did have to come up with a $500.00 down payment, but that was all.)
    BUSY running my own credit repair services! Sorry I don't stop in so often any more!
    Tags: None
    #2
    Wonderful, Tin!!!! Are your payments decent?

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      #3
      About $225 a month.

      Insurance is more what I am worried about. I am not quite 25 yet, and I really get raped on insurance here Michigan.
      BUSY running my own credit repair services! Sorry I don't stop in so often any more!

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        #4
        Congrats! And Good Luck!!!
        The information provided is not, and should not be considered legal advice. All information provided is only informational and should be verified by a law practioner whenever possible. When confronted with legal issues contact an experienced attorney in your state who specializes in the area of law most directly called into question by your particular situation.

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          #5
          WELL, I'M IMPRESSED...........

          Now, BK over, stress gone, cc offer, and now another vehicle.....

          Yes, life is good again..............

          See, there is life after BK afterall........................

          Grads, Minny
          Minny

          "It's amazing the paths that our feet sometimes follow in life".

          My suggestions are from "personal experience" and research only. Do not consider this as legal advice. Each bankruptcy case is different.

          Comment

            #6
            Tin, if they are tearing you up on Insurance you may as well be in Florida and have the sun. Anyway, congratulations!
            "You once asked me for advice. You want some now? Never pass up a good thing." Lieutenant Jean Rasczak, Starship Troopers

            Join the Mobile Infantry and save the world. Service guarantees citizenship.

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              #7
              ^^^True, true!

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                #8
                Tinroof, did you try lendingtree.com before you went car shopping? You might be surprised at what your rates may have been. Believe it or not, I am purchasing a 2006 Honda Ridgeline at about 9%, and was discharged (Chapter 7) this past June. As you say, there is life after Bk.....

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                  #9
                  One thing I learned about refinancing cars; you don't want to get one that's too old as most companies wont refi a car that is over 5 years old.

                  FYI
                  -----------------------------
                  Filed Ch. 13 - 12/15/04
                  Converted to Ch. 7 - 7/11/05
                  341 Meeting - 8/11/05
                  Discharge - 10/11/05

                  Comment

                    #10
                    Read today about some auto lenders using a special kind of FICO score, just available to the auto industry. It seems that it rates you higher than your traditional FICO score if you re-affirmed your veicles and made timely payments on them. Author suggests that you seek a lender who uses this scoring system if you re-affirmed your cars.
                    I only know what I read, can't vouch for it's veracity at all. Just thought that if it were true, it might be worth checking out for some of us.
                    The author also suggested talking with the finance person first before any salesperson. Art

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