top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

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

Collapse
This is a sticky topic.
X
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Date Discharged: 6/3/2013
    Lender: Ally Financial
    Date Applied: 10/1/2013
    Approval Amount: 20K (I only asked for 16k)
    Interest Rate: 12.9%
    Term: 72 months
    Payment: $353.00 (I financed for 5 months and paid off BTW)

    Date Discharged: 6/3/2013
    Lender: GM Financial
    Applied for: $17,000
    Interest Rate: 9.5%
    Term: 60 months
    Payment: 346.00

    Comment


      Chapter 7 file June 22, 341 hearing July 28, Open Chapter 7
      Car: 2014 Honda Civic EX
      Used Costco Auto Price program, MSRP of $21,880, Purchase price $18,590 plus $590 GAP
      Loan App Aug. 13
      Lender: Consumer Portfolio Services
      Down payment: $3,000
      Financed amount: $18,190
      APR: 14.7 percent
      Monthly Payment: $429
      Term: 60 months
      Opted not to take 72 months at $380 a month
      Equifax Auto Enhanced Score: 577
      Transunion pulled but not used: 641

      I'm sure the dealer added a couple of points to APR, as the offer was for an APR of 15.7 percent without the GAP, 14.7 with the GAP. I suspect CPS APR was around 12 percent.

      Will try to refi with Cap One in six months. Dealer F&I guy said he thought I could get below double digits with Cap One in four to six months.

      Chapter 7 filed in Central California District, no issue in buying in No Asset Chapter 7, Trustee report on 341 hearing lists no assets, no distribution. Asked attorney three times if I needed trustee approval and was told absolutely not each time.

      Dealership would have done deal prior to 341 hearing.

      Slated for discharge Sept. 26.

      Bought a used 2011 Corolla at 24.9 APR through Chrysler Capital in April 2013. CC is a subsidiary of Santander. Tried to get modified terms for a reaffirmation, best they would do is not lower principal at all and 20.2 APR. Called them today to arrange surrender.

      Comment


        Chapter 7 file June 22, 341 hearing July 28, Open Chapter 7
        Car: 2014 Honda Civic EX
        Used Costco Auto Price program, MSRP of $21,880, Purchase price $18,590 plus $590 GAP
        Loan App Aug. 13
        Lender: Consumer Portfolio Services
        Down payment: $3,000
        Financed amount: $18,190
        APR: 14.7 percent
        Monthly Payment: $429
        Term: 60 months
        Opted not to take 72 months at $380 a month
        Equifax Auto Enhanced Score: 577
        Transunion pulled but not used: 641

        I'm sure the dealer added a couple of points to APR, as the offer was for an APR of 15.7 percent without the GAP, 14.7 with the GAP. I suspect CPS APR was around 12 percent.

        Will try to refi with Cap One in six months. Dealer F&I guy said he thought I could get below double digits with Cap One in four to six months.

        Chapter 7 filed in Central California District, no issue in buying in No Asset Chapter 7, Trustee report on 341 hearing lists no assets, no distribution. Asked attorney three times if I needed trustee approval and was told absolutely not each time.

        Dealership would have done deal prior to 341 hearing.

        Slated for discharge Sept. 26.

        Bought a used 2011 Corolla at 24.9 APR through Chrysler Capital in April 2013. CC is a subsidiary of Santander. Tried to get modified terms for a reaffirmation, best they would do is not lower principal at all and 20.2 APR. Called them today to arrange surrender.

        Oh...F&I guy said if I had waited until after discharge, I would have probably looked at APR around 12, but I wanted to take advantage of Honda summer clearance in combination with Costco pricing.

        Comment


          Date Discharged: 02/10/15 (Chapter 13)

          Lender: Federal Credit Union

          Date Applied For: 02/25/15

          Approval Amount: $65,000

          Interest Rate: 2.24%

          Term: 84 months

          Vehicle: 2015 Dodge Challenger Hellcat
          Price: $65,870
          Down: $12,000
          Chapter 13 Filed Feb 2010, Confirmed May 2010
          Last payment made Dec 2014, Awaiting discharge

          Comment


            Fullboost. Thats encouraging .. My vehicle has been nickel & diming me thru the last year of my BK ... Its an 2004 Jeep . Looking forward to being able to secure financing once I get my discharge. Already spoke with my credit union and they stated to let them know when I have discharge papers in hand. I have put money back & with my income tax refund should be able to put a nice chunk plus some trade in money down. Hopefully my discharge w/be in April... 5 mths & counting since my last payment..I just received a check this week from trustee office for the credit I was carrying ($950)to balance out my BK case too zero....
            Those who live in glass houses should not throw stones
            Chapter 13 filed 10-21-09
            Discharged 4-13-15

            Comment


              Hi,

              Date Discharged: June 4 2015
              Lender: Capital One
              Date Applied For: June 13 2015
              Approval Amount: 25,000
              Interest Rate: 13.5 %
              Term: 72 months

              Comment


                Wow jgeddes that rate is so high... I got approved @ 4.69% for 60mths...
                Those who live in glass houses should not throw stones
                Chapter 13 filed 10-21-09
                Discharged 4-13-15

                Comment


                  Date discharged: 10.22.15 (chap 13)
                  Lender: Ally
                  Date Applied: 10.31.15
                  Approval: up to $40k (used $15k)
                  Rate: 4.9%
                  Term: 48 mos
                  Credit score: 736

                  Ford Cerified used 2013 Escape... To be fair, I put 20% down which I think helped the interest rate
                  Last edited by ChescoChris; 10-31-2015, 05:10 PM.

                  Comment


                    Date Discharged: 2/8/2016 (Chapter 13)
                    Lender: Federal Credit Union
                    Date Applied For: 2/10/2016
                    Requested: $25k
                    Approved for: $30k
                    Needed/Used: $24k
                    20% down
                    Interest Rate: 6.69%
                    Term: 72 Months.

                    Chevy Colorado Z71 MSRP $31k
                    after negotiation and trade in price $29k

                    I went to the FCU first to see if I could even get approved before wasting a dealerships time. They said since it hasn't been 7 years since declaration, that I would need to put some money down, loan officer did not specify how much, because I interrupted her and told her I already planed and saved to put 20% down.

                    Comment


                      Date Discharged: 2/20/2016
                      Lender: Wells Fargo
                      Date Applied For: 3/30/2016
                      Approval Amount: 27K
                      Interest Rate: 12.2%
                      Term: 72 months

                      Comment


                        why do you need that?
                        link removed by moderator. If you would like to advertise, please contact forum administrator, Laz. - Financial services in Henderson, NV.

                        Comment


                          It doesn't look like anyone has posted here in a while, so I'll add my recent experience

                          Date Discharged: 11/18/2020
                          Lender: Capital One Auto
                          Date Applied For: 11/21/2020
                          Approval Amount: 11,898
                          Interest Rate: 8.92%
                          Term: 48 months

                          2015 Subaru Crosstrek sale price $14,000. Trade in was valued at $4,000. I had a Cap1 card included in my bankruptcy but they financed me anyway.

                          Comment

                          bottom Ad Widget

                          Collapse
                          Working...
                          X