Still no offers in the mail

[bkmaggster]

You're lucky to live close enough to everything to ride a bike. It's not fun picking up groceries for 4 people when you have a bike, though.

Can you afford $300/mo. payments on a car?

I agree, I am lucky to live close to things. When we picked the rental we purposely picked a place within walking distance to a grocery store and a bus hub. My husband is riding through on his car until my job starts, and then we will surrender it and buy a clunker.

I can't afford $300/month car payments, and even if I could I wouldn't want them. We were paying ~$700/month in car payments. We used to think we "needed" and "deserved" new cars. We were wrong. I'm all about learning from my mistakes.

[coffee]

I understand you dont want to buy a beater car but if you bought one until a better car came along(or financing for said car) you could turn around and sell the beater for close to what you paid for it since not much time elapsed. Or trade it in to the dealer to go towards the new car. You only need an errand car right?

Other option is a friend or relative with an extra vehicle that you could "rent" for the remaining time until bk is discharged.

Search for 722 redemption. US Bank does it. You can get a car through there while in active bk. I dont know if you can get other financing until it's discharged. Good luck.

[debtmonster]

You're lucky to live close enough to everything to ride a bike. It's not fun picking up groceries for 4 people when you have a bike, though.

Can you afford $300/mo. payments on a car?

[bkmaggster]

Could you guys scan some of your offers and post them here as JPG's? Like put them on one of those free sites for JPG hosting like FLICKR or whatever.

Sorry, I shredded them all. I get 2-4/week since filing. They all say that I can buy a car before discharge. I'm sure the rates are at 25%.

They won't get me. I'm riding the bus and taking my bike until I can buy a clunker with cash.

[debtmonster]

Could you guys scan some of your offers and post them here as JPG's? Like put them on one of those free sites for JPG hosting like FLICKR or whatever.

[2manybills]

DM We had our 341 last week and on that exact day, I received a postcard from a company called "722 Redemption".

That was it.

[Calthius]

We had offers from 722 with in a week of filing

[debtmonster]

I started getting offers after we were discharged!.

Do you remember how long afterward?

I am guessing that if I were to get discharged in October (a big "IF"), then by the 1st or 2nd week of November I should start getting offers then?

Hopefully they will have good deals on the 2009's as they try to blow them out for the 2010 models.

[debtmonster]

I thought the car dealers buy names and addresses from a company that hits the bankruptcy filers and makes offers to them?

Somebody posted a link to a company that sells names and addresses of recent filers. It was like $114.00 per 1,000 names or something like that.

I just feel better with the opportunities being there whether I buy a car or not.

[struggling09]

I started getting offers after we were discharged!.

[music12]

DM...I assume you aren't too worried as your attorney will keep your BMW safe from repo for 2-3 years. I'm sure by then your credit score will be in the high 700's and financing a car will be a breeze.

oh, dear, don't get started with the sarcasm again!

DM, i got only one car financing offer even though my credit before bk was stellar. i don't remember exactly when it came in.

[pookieny]

Didn't you just move recently? Maybe they can't find you.

I'm not getting not a drop of solicitations either. But I have filed twice, so maybe there are not creditors left that want to hit me up.

[debtmonster]

How do you get opted in? I never opted out of anything other than the do-not-call.

I put a fraud alert on my credit report last year, but that only lasts 3 months. That should have nothing to do with the offers, right?

[mom2three09]

We were leasing a 2007 Durango (with 1 yr left on the 3 yr lease). The payment was not affordable so right before filing we surrendered it back to Chrysler and went and bought something that was affordable (2006 Chrysler Town & Country). Instead of trying to keep the durango for as long as we could & hope that they wouldn't just take it while I was in a store shopping one day, we decided to play it safe and just take it to the dealership we bought it from. We were also 2 months behind on it tho.

Are you sure you are "opted in" ? If not, then you probably won't receive any credit offers.

[debtmonster]

I don't care if they take the BMW. I rarely ever drive it. I don't think we've put on 500 miles on it and the past 2 months. We only use it for trips. It's my small sedan that I drive daily because it gets better gas mileage and doesn't require premium. Even though it's not as nice of a car, it costs less to fill up and drive. I use this car almost every day to run errands.