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Ch 7 Discharged! There has to be a way to get a auto loan??

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    #1

    Ch 7 Discharged! There has to be a way to get a auto loan??

    I live in Indiana. I am 29 and my wife and I had just gotten over a Ch. 7 due to her medical bills. The lawyer told me that I had to file with her because if I did not do so they could come after me and garnish my wages too! So foolishly I did and I went ahead and thew in some bills I had and my credit cards! Hoping it was not a bad idea, I am begining to think it was. Anyway, our Ch 7 was discharged last Oct. and I have papers saying so. But it has not been updated in our credit reports. Our car is about toast, and I was looking at a 2007 truck for $22,000. All we have is rent, and I tried to get the truck myself and keep getting declined!! I make $50,000 a year myself, and my wife makes about $30,000 a year too! So obviously I can well aford a $400-600 truck payment! Any suggestions?
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    #2
    If the only bills you have are rent and you make a combined $80,000, you should easily be able to save up for a used car to pay with cash, while continuing to save for your dream truck.

    Just an idea.

    KBB
    Filed - 9/28/09
    341 - 11/20/09
    Last Day to Object - 1/19/10
    My BK blog: http://forgiveusourdebts.wordpress.com

    Comment

      #3
      Well, you had no choice. If you filed, you had to list all of your creditors.

      Give it a few weeks and your credit report should update.

      Try the Cap1 blank check program if you can't find a local lender.

      Comment

        #4
        okay, will look into that, I tried all over town and nothin. A lot suggested getting a secured credit card for a year and they said my credit rating should got up 100pts by a year! One could only hope. I will look into Cap1 thing. Thanks.

        Comment

          #5
          I could be wrong, but I believe the Cap 1 blank check program is only good when buying from a dealer....Just so you know.
          8-07-09-filed Chapter 7
          11-18-09-DISCHARGED!!

          Life is not what challenges you face, but how you face those challenges.

          Comment

            #6
            Pull your reports from annualcreditreport.com and then get to the rebuilding credit forum...we are having a good time there
            7-2-2009 Filed
            8-28-09 341 Concluded, no assets
            10-28-09 DISCHARGED/CLOSED!!!!

            Comment

              #7
              Well got denied from Cap 1 too! I don't mind paying a slightly higher interests rate at 15% if needed, but it just seems like I am at a lost cause, and pretty much have to go with a secure card and build it up for a year. =(

              Comment

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