Originally posted by BKInLA
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Before we filed for BK my wife and I sold her car to Carmax for a nice profit and she went back to driving an old "third" car we paid off years ago. Then a few months after BK it takes a dump and the transmission goes out. Gonna cost $2500 to fix it and then it's still a 19-year old car with no Heat/AC, bad gas mileage, etc...
So we're desperately thinking what we're gonna do when I stumble upon this thread. I got turned down for a loan from my CU so I kinda gave up hope on being able to finance but I saw a lot of ppl had been getting approved through CapOne. So I applied and got approved in 60 seconds, with no proof of income or anything. Here are the stats:
Date of Discharge: 07/2010
Date of Loan App/Approval: 12/2010
Amount Requested Approved: $18,000
Interest Rate: 7.31%-11.71% (It's a sliding scale based on the age. 2010-2006/older)
Bank: Capital One
They're sending a blank check that I have to take to one of their approved dealers and I can just pick out a car and drive off. Pretty simple...
Some other info: We didn't reaffirm anything post-BK but we did keep our house and my car loan (which we have just been paying but not being reported, obviously).
Those two things cost us about $2500/Mo and I put down that I make $6100/Mo. I didn't include our home business income in that figure, just what I make at my 9-5 job. The operator told me it wouldn't have made a big difference in the interest rate just might be easier to get approval for a higher amount. I left it out in case they require full docs so I could just send a check stub.
So we're desperately thinking what we're gonna do when I stumble upon this thread. I got turned down for a loan from my CU so I kinda gave up hope on being able to finance but I saw a lot of ppl had been getting approved through CapOne. So I applied and got approved in 60 seconds, with no proof of income or anything. Here are the stats:
Date of Discharge: 07/2010
Date of Loan App/Approval: 12/2010
Amount Requested Approved: $18,000
Interest Rate: 7.31%-11.71% (It's a sliding scale based on the age. 2010-2006/older)
Bank: Capital One
They're sending a blank check that I have to take to one of their approved dealers and I can just pick out a car and drive off. Pretty simple...
Some other info: We didn't reaffirm anything post-BK but we did keep our house and my car loan (which we have just been paying but not being reported, obviously).
Those two things cost us about $2500/Mo and I put down that I make $6100/Mo. I didn't include our home business income in that figure, just what I make at my 9-5 job. The operator told me it wouldn't have made a big difference in the interest rate just might be easier to get approval for a higher amount. I left it out in case they require full docs so I could just send a check stub.
Did you get any credit cards after filing to rebuild your credit?
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