Apply for car loan before discharged vs after discharged

[teddy26]

How "bad" is it to apply for car loan (as shopping around.....i know all inquiries within 14 days of each other are considered 1 inquiry) before you are discharged.

Then if denied because you are not "discharged", you apply again after you are discharged. Does it make a difference that they already "declined" you?

This I guess really applies to only "online" loan approvals (Capital One, etc). I hope this makes sense.

Any advice???

[HHM]

I'd wait until after discharge, because they technically can't approve you until your case is discharged anyway.

[emoney]

I can only answer your question as what would I do in this situation, and that is:
1. get credit report cleaned up.
2. rebuild credit using securied credit cards for six months at least.
Then when my saving are at least 1/3 of purchase price of car then I would start shopping.
This way you own the car and it does not own you.
regards,
emoney