Need auto right after bankrupcy

[copperpenny5]

I have just gotten discharged from my chapter 7 and my truck is beyond repair. Someone I know has a truck that he is selling for what ever is left on his loan which is a lot less than the price of the truck is if I bought the auto anywhere else so it is a once in a life time deal. I don't know if it is posible to get an auto loan right after a discharge but I really do not have a choice because with out an auto I can't get to work. Dose anyone know where I could apply for an auto loan from a private seller. Or if you have any other advise for me please let me know. Thank you all

[BassBoy]

As much as you need an auto right now, it will be suggested that you ensure your Credit Reports are accurate. Meaning any accounts included in your BK must be reported that way. If you have any accounts that show open, current and with balances, then it may appear that you have too much debt and will not be able to take on new debt, or that you have credit to spend, thus spending more money as your balances increase. This is a crucial step to take before applying for any loans, especially so soon after your discharge.

As for which lenders to choose......and I've said this before......some of us were approved and others may have been denied with the same lender. Also, some of us got great interest rates, while others got really high interest rates, and again, with the same lender. This is where you'll need to do a little homework first. Phone calls to potential lenders/banks are free and there is no obligation. Myself, I would suggest this before putting any info on a loan application.