04-05-2006, 12:44 PM
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#1 |
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Registered User
B/F Newbie
Join Date: Jan 2006
Posts: 11
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Approved!
There IS life after BK, my case was dischaged last week and closed yesterday. I was approved for an 06 Focus ST through Ford Motor Credit. 11.85% intrest $1000 down. There is life after BK |
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04-05-2006, 12:49 PM
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#2 |
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Registered User
B/F Guru
Join Date: Oct 2005
Posts: 1,793
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Congrats!
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04-05-2006, 07:15 PM
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#3 |
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Registered User
B/F Contributor
Join Date: Mar 2006
Posts: 379
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Very awsome!!!! I had heard that Ford was good to work with. Guess I will be getting a ford at some point.
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04-05-2006, 07:18 PM
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#4 |
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Registered User
B/F Contributor
Join Date: Mar 2006
Posts: 379
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Oh and your rate is really not that bad. My first car loan was 14% in the 80's and I had perfect credit.
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04-06-2006, 07:29 AM
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#5 |
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Registered User
B/F Newbie
Join Date: Jan 2006
Posts: 11
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Ford has some amazing rebates right now, so far them seem easy to deal with. I beleive Ford pulls from Experian, which was good because Experian was the only report I have gotten cleaned up so far. So with postive payments on this, postive payments on my student loans and a credit card. I should be WELL on my way. |
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04-07-2006, 04:31 AM
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#6 |
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Registered User
B/F Newbie
Join Date: Nov 2005
Posts: 25
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WOW, that's fantastic. That's a great rate for just out of BK.
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Filed BK7 10/03/05
341 Meeting 01/04/06 Discharge 03/07/06 Closed 03/13/06 myfico.com EQ FICO 634-->03/13/06 TL's HSBC $300, applied for and recieved back in Oct, during the BK MBNA $25000, survived the BK but they won't let me access it due to lates and other negatives on the CR's Roadloans.com up to $25000 @ 15.99%, time for a newer car Hooter's $5000 ...3/24/2006 |
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04-07-2006, 10:12 AM
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#7 | |
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Registered User
B/F Newbie
Join Date: Feb 2005
Posts: 117
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Which BK did u file?
Quote:
Did you file BK 13 or 7? | |
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04-07-2006, 04:49 PM
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#8 |
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Registered User
B/F Guru
Join Date: Jan 2006
Posts: 6,857
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Congrats Jared. And not a bad rate either!! WoooHooo!!!
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04-08-2006, 10:29 AM
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#9 | |
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Registered User
B/F Newbie
Join Date: Jan 2006
Posts: 11
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Quote:
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04-08-2006, 02:40 PM
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#10 |
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Registered User
B/F Contributor
Join Date: Mar 2006
Location: Pittsburgh, PA
Posts: 452
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Very good Good for you... |
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My credit scores:
Before Filing: Tr 496, Ex 496, Eq 507 Today: Tr 618 (+122), Ex 601 (+105), Eq 623 (+116) |
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04-08-2006, 05:42 PM
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#11 |
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Registered User
B/F Mentor
Join Date: May 2005
Posts: 685
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Ford Motor Credit is BK-friendly. We bought a 2000 truck - very good condition, low mileage with a lot of extras last Fall. The interest rate was decent too. Thank goodness for them because several other car lots wouldnt even talk to us about financing. FMC didnt even require we give them a down payment.
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04-10-2006, 12:55 PM
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#12 |
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Registered User
B/F Newbie
Join Date: Jan 2006
Posts: 48
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Congratulations!
What was your FICO? |
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04-11-2006, 08:50 AM
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#13 |
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Registered User
B/F Mentor
Join Date: May 2005
Posts: 685
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Callie - I assume you are asking Jared but for the record mine was 648 at the time. My husband's was lower and he is the one who got us approved for the truck.
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04-11-2006, 04:50 PM
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#14 |
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Registered User
B/F Guru
Join Date: Oct 2004
Location: Sunrise, Florida
Posts: 1,896
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I had been looking for a vehicle for months as everyone knows. We had a Dodge Truck lined up but I hate Dodges, but the deal was good. Well, I started switching to Ford E350 vans since i have my GMC. I took what you said and found a low mileage (22,500) 2006 E350 (1 ton) 12 passenger van and yes FORD CREDIT is BK friendly! Drove it home in record time, nothing down! 12.02 percent! Fully loaded E350 Super Duty XLT, 18,995.00 (the gas deal is driving the price for a used one down).
Thank you for this post Jared, it was a godsend. I was able to keep my GMC Sierra which has 5 payments left and dump my old Corsica, thank you so much, this Forum is great!!!! |
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"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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04-12-2006, 06:21 AM
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#15 |
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Registered User
B/F Guru
Join Date: Oct 2004
Location: Sunrise, Florida
Posts: 1,896
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My first Ford Escort, bought NEW in 1984, interst was 14.07, like you said with perfect credit. they use equifax here in the SE for the most part. I know that my equifax contains numerous mistakes, I have corrected none at this point. They said time on the job was the deciding factor. |
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"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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