Who were approved through post BK and some details...

[digital]

Date Discharged: 08/14/20010
Lender: CapitalOne
Date Applied For: 02/27/2010
Approval Amount: 30,000
Interest Rate: Depends on car year...

Model Year Annual Percentage Rate (APR)
2010 or newer 5.45%
2009 6.35%
2008 - 2007 7.10%
2006 - 2004 8.35%

Term: 60/mo but can change

MyFico.com reported a 627 when they pulled my credit.

I also applied through USAA and a credit union (Grow Financial) in FL which I've had two prior loans with. USAA denied immediately due to the BK and Grow Financial called me and asked for details about the bankruptcy, they are considering the approval but I don't expect them to beat CapOne.

[LSUTiger32]

Why would anyone want to get back in the hole they just got out of????

Boy if you ever figure out the answer to this one you would be like Buddha. Some people just never learn the lessons, even the hard way.

[Restored]

Restored what rate did you get?

4.75%

[tobee43]

Why would anyone want to get back in the hole they just got out of????

i agree, however, many need a good reliable car to get to work and just don't have the choice...for me...i would just do what i can, but if you commute 120 miles a day....(we use to when we were working)....i can understand why they need to get "in the hole"...it's just a shame it sometimes has to be that way...

[rustymich]

Why would anyone want to get back in the hole they just got out of????

[tobee43]

tobee43, thanks. I will see if the dealer can beat the rate if not then I will the blank check and then refi later.

best of luck with it!

i hope you can get it down a bit! but remember...it's better than 22%...not that we all deserve 0% ...LOL!!!

[mrslick]

tobee43, thanks. I will see if the dealer can beat the rate if not then I will the blank check and then refi later.

[tobee43]

Discharge Date: 2/18/2011
Lender: Capital One
Date Applied: 2/22/11
Approval Amount: $30000
Interes Rate: 10.25%
Term: 72 Mos

i thought the rate was going to be in the teens since i applied with one week of discharge. All my FACO scores are barely hitting 700s and i used to have two car loans with no late payments, so my Auto Loan scores should be higher. i paid finish paying off one my last car loan out of bankruptcy. My plan is to go to the dealership and tell them i've been approved with a lender and i'll let try to beat the rate without know what my rate is. If that doesn't work than i'll just refi within one year.

Does anyone knows if i put $5k down will cap one reduces the rate?

wouldn't hurt to ask...however, 10.25 in the scheme of things really is not that bad.....and for 30k you can buy a pretty nice car....

also, possible refin maybe?? six months down the road???

[jb1231]

I was discharged in October of 2009. I applied for a couple of loans about a month ago. One through my credit union. I was approved for 15K at 14% for 60 months. Of course everything I want is over that. (Looking at Hondas & Toyotas). Roadloans approved me for 12K at 22%. No thanks! Some of you are lucky. Good luck!

[mrslick]

Restored what rate did you get?

[Restored]

Nothing down and my payments are $188/mo:-)

[mrslick]

Discharge Date: 2/18/2011
Lender: Capital One
Date Applied: 2/22/11
Approval Amount: $30000
Interes Rate: 10.25%
Term: 72 Mos

i thought the rate was going to be in the teens since i applied with one week of discharge. All my FACO scores are barely hitting 700s and i used to have two car loans with no late payments, so my Auto Loan scores should be higher. i paid finish paying off one my last car loan out of bankruptcy. My plan is to go to the dealership and tell them i've been approved with a lender and i'll let try to beat the rate without know what my rate is. If that doesn't work than i'll just refi within one year.

Does anyone knows if i put $5k down will cap one reduces the rate?

[mikemike]

Discharge Date: 9/10
Lender: SECU
Date applied for: 2/11/11
Approval Amount: $8000
Interest rate: 4.75%!!!!
Term: 48M

My advice to anyone who has had to file bankruptcy is NOT to go out and get the most expensive vehicle. I did have to go in and personally speak to a loan officer, but he understood my situation and approved a basic transportation loan for me. I was able to find a clean like new 2002 with only 74k miles and it is PERFECT for me. My credit union would only approve me for 8k, but I was EXTEMELY thankful for that.

Congrats! Did u have to put anything down? How much are ur monthly payments at 8k? nice int rate

[Restored]

Discharge Date: 9/10
Lender: SECU
Date applied for: 2/11/11
Approval Amount: $8000
Interest rate: 4.75%!!!!
Term: 48M

My advice to anyone who has had to file bankruptcy is NOT to go out and get the most expensive vehicle. I did have to go in and personally speak to a loan officer, but he understood my situation and approved a basic transportation loan for me. I was able to find a clean like new 2002 with only 74k miles and it is PERFECT for me. My credit union would only approve me for 8k, but I was EXTEMELY thankful for that.

[mikemike]

nice! wats ur credit score?