What should I do first?

jenrw74 · 05-14-2007, 02:31 PM

We are going to be d/c from our ch 13 in 2 weeks. Both of our cars are very old (paid off) and over 138k miles. We've put about $8,000 into them since filing in 04 and are in desperate need of a car that will fit our whole family into it and isn't falling apart. I'm wanting to apply at Lending Tree within a few weeks of d/c for an auto loan.

My question is should I apply for a credit card first or would it hurt my chances of getting a loan? I really don't want to do the wrong thing here. I've already disputed all 3 CRA's.

FilingOnMyOwn · 05-14-2007, 04:06 PM

Yup now is the time to start shopping for cards. A new tradeline or two combined with your discharge should give your scores a nice move upward in the next 2-3 months.

CATCHMEIFYOUCAN · 05-15-2007, 12:45 AM

Capitol One is pretty good about offering loans for cars after BK. I was offered one for 12 1/2 percent, but since I bought my car just before filing I had gotten 9.9%.

So I had applied for a loan to refinance my car just to see if anyone would bite. But I kept my loan as it is.

Best of Luck, CMIYC

05-14-2007, 02:31 PM	#1
jenrw74 Registered User B/F Newbie Join Date: Mar 2007 Location: Central Ohio Posts: 62	What should I do first? We are going to be d/c from our ch 13 in 2 weeks. Both of our cars are very old (paid off) and over 138k miles. We've put about $8,000 into them since filing in 04 and are in desperate need of a car that will fit our whole family into it and isn't falling apart. I'm wanting to apply at Lending Tree within a few weeks of d/c for an auto loan. My question is should I apply for a credit card first or would it hurt my chances of getting a loan? I really don't want to do the wrong thing here. I've already disputed all 3 CRA's.

05-15-2007, 12:45 AM	#3
CATCHMEIFYOUCAN Registered User B/F Guru Join Date: Sep 2006 Location: Falls Church, Virginia Posts: 1,619	Capitol One is pretty good about offering loans for cars after BK. I was offered one for 12 1/2 percent, but since I bought my car just before filing I had gotten 9.9%. So I had applied for a loan to refinance my car just to see if anyone would bite. But I kept my loan as it is. Best of Luck, CMIYC
	July 2006: Filed Ch13 Oct 2006: Converted to Ch7 Jan 2007: DISCHARGED Nov 2007: CLOSED

Thread Tools
Show Printable Version Email this Page
Display Modes	Rate This Thread
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode	Rate This Thread:

05-14-2007, 04:06 PM	#2
FilingOnMyOwn Registered User B/F Guru Join Date: Oct 2005 Posts: 1,793	Yup now is the time to start shopping for cards. A new tradeline or two combined with your discharge should give your scores a nice move upward in the next 2-3 months.