Auto Loans With Bankruptcy?

1 Answer

Answer :

Bankruptcy is a life event most people want to avoid; however, it can happen to the best of people. Economic uncertainty and layoffs have led many people to have to file for bankruptcy. Many people just need an opportunity to start over with their financial life. Although it may be a little more difficult, it is possible for people to secure auto loans with bankruptcy on their record. The type of bankruptcy makes a difference. A chapter 7 bankruptcy gives a person the opportunity to start completely over. Lenders will look at the person's ability to pay for the auto loan. Auto loans with bankruptcy on the record may take more creative work, but it is possible to obtain.

Related questions

Description : Can people claim bankruptcy to get out of paying student loans back?

Last Answer : The short answer is maybe. It will depend on what kind of bankruptcy you claim. New bankruptcy laws make it harder to get rid of the principle loan but will forgive the interest, late payments, and so on. Chapter 7 or 13 or 11? It can get very confusing.

Description : I had filed for bankruptcy 2yrs ago and it was dismissed. I have a zero balance on a auto loan that shows on my credit report. Do I still have to make my car payments?

Last Answer : If you reaffirmed your car loan during your bankruptcy, you agreed to continue making the payments. If you included your car in the bankruptcy, then the loan was wiped clean, as it appears to have ... the lawyer who handled your bankruptcy, but my guess is that your car slipped through the cracks.

Description : How can I avoid high interest for auto refinance loans?

Last Answer : You can avoid high interest for auto refinance loans by going to www.carbuyingtips.com/refinance.htm. You can also try www.anycreditmortgage.biz/MortgageRefinance.htm The best way to avoid a high ... sure your credit stays good. You can normally find lower refinancing rates with a credit union.

Description : Who offers low interest auto loans in Long Beach?

Last Answer : There are several national banks like Bank of America that offers low rates. You can also try getting a loan thru the local credit union.

Description : Is a price comparison site better when applying for auto loans?

Last Answer : Yes, it is usually beneficial to use a price comparison website when applying for auto loans to find the best deal out there. It is always a good idea to search around for the best price before making important financial decisions such as a loan.

Description : Student Auto Loans For Less?

Last Answer : Students often find it necessary to have a car on campus. Some students commute to campus each day while other students need to be able to drive to an off campus job. Whatever the reason for needing ... a special bonus on their loan. The specials offer on student auto loans vary from bank to b

Description : Auto Loans and Interest Rates?

Last Answer : The interest rate you get with your auto loan depends on a few things. Your credit score, where you live, and the length of your loan all play a role in determining your interest rate. Of these, your ... of the 600's, you start to see higher interest rates. A credit score of 620 will give you a

Description : Get Credit Union Auto Loans For Less?

Last Answer : When looking to purchase a new or used car, credit unions can be a great financing option. Credit unions are typically formed on a local basis and function as non-profit organizations, allowing ... , and other factors are considered, it is often possible to get cheaper loans through credit unions.

Description : Shop Banks for Great Auto Loans?

Last Answer : It is unfortunate that many people think that the interest rate for their auto loan is set in stone, when the reality is that a savvy consumer can save thousands of dollars on his or her auto loan ... , which makes it impossible for a salesman to do anything except offer a better deal. 3. Fix cred

Description : Free Auto Loans For Wheelchair Vans?

Last Answer : Handicapped individuals or families who need a wheelchair van know how expensive these necessary vehicles are. Not everyone can afford a wheelchair van though. There are free auto loans available to people ... There are a few other companies from one state to the next offering similar loan terms.

Description : Bank Auto Loans Are Now Available Online?

Last Answer : Major national and local banks are now offering loans for purchase of new and used vehicles through their online banking sites. Getting quotes for bank auto loans online saves time, and often ... only car loans available online as finance companies and even brokers offer online auto loan service.

Description : Get Multiple Auto Loans Quotes for the Best Deal?

Last Answer : With rates low and competition fierce, auto loan providers are offering extremely attractive rates to consumers who are buying new and used cars. In order to make sure you are getting the best ... then check with consumer reviews sites to make sure the lender you choose offers top customer service.

Description : Auto Loans Banks?

Last Answer : Auto loans banks include online lenders as well as local, regional and national banks. Almost all are reputable financial institutions, and the way to choose between auto loans banks includes ... bonuses or discounts on insurance or road assistance club membership before deciding on a loan.

Description : How does an old bankruptcy affect future loan applications?

Last Answer : It's not supposed to. They are supposed to be wiped from your report ten years after being settled. So you should be just fine. They won't ask for info about bankruptcy - it's illegal to do so. And ... nothing else, you should get a copy of your report and go over it in detail just to be positive.

Description : Client filing for bankruptcy?

Last Answer : At some point you will need to file a claim against the company (to the bankruptcy trustee, once they are appointed). You'll wait and wait and wait. There's a hierarchy of who gets paid first ( ... they are filing bankruptcy and when it is possible for you to file a claim. read this Good luck.

Description : Do you know anyone who successfully filed for bankruptcy on line?

Last Answer : answer:You file with the local bankruptcy court. With a long list of items and documents. You understand that Chapter 7 means you may have to sell everything repeat EVERYTHING (there are exemptions) to be paid ... in Chapter 7. I'm not a lawyer; I just know someone that went through a bankruptcy.

Description : Without google, do you know one of the main reasons for Bankruptcy in the US?

Last Answer : Medical bills.

Description : Is it generally better for your credit score if you pay off old debts or if you file for bankruptcy?

Last Answer : Better to pay off. Bankruptcy puts a big mark on you credit report, no one wants to get left holding the bag when you opt out of your debt. Bankruptcy takes the legal obligation away, but does not clear your record.

Description : Detroit first... Who's next for US City bankruptcy... Chicago?

Last Answer : answer:I'm sure that Chicago has its problems, aside from the gun violence in the strictest-gun-laws-in-the-nation idiocy (and other things that go along with that kind of blindness to facts), and ... laws who live in Michigan that it was not uncommon in the late 1960s when they lived near there.)

Description : Detroit has filed bankruptcy. Aren't unions to blame?

Last Answer : Partially union’s fault, administrations that kept feeding them cash like they were printing it to keep the votes are also to blame.

Description : How does incorporation affect bankruptcy?

Last Answer : Incorporation is a primary method used to shield one’s personal assets from business losses and debt, but it isn’t an absolute protection.

Description : I have a bankruptcy liability question - (see details)

Last Answer : Go with the attorney, he should know.

Description : Is the Hostess bankruptcy the fault of labor or management?

Last Answer : Typical corporate malfeasance. The top brass have been focused on quarterly reports and their own perks and compensation. Any company with brands that famous and sales that big should be able to compensate labor just fine.

Description : What will happen to San Bernardino upon filing for bankruptcy?

Last Answer : Bankruptcy would mean that the city can stop servicing its debt and can focus on paying for services. The city has already laid off some 20 percent of its workforce and cut salaries. It is a wakeup call and a lesson for all of the US.

Description : Have any of you tried to file bankruptcy on your own without a lawyer?

Last Answer : hello darkness my old friend….

Description : Have you gone through bankruptcy?

Last Answer : Has she spoken with a credit counsellor yet? It would be much better for her if she could negotiate her debts and pay them off rather than go the bankruptcy route.

Description : Should recent college graduates declare bankruptcy if they can't find jobs?

Last Answer : Probably not, because declaring bankruptcy currently does not get rid of either public or private student loan debt.

Description : Is Bankruptcy an option in my case.

Last Answer : From what I understand, SS checks cannot be touched unless you owe the government. So you may be in the clear.

Description : Why can't the Federal Government declare bankruptcy and apply for a Chapter 13?

Last Answer : answer:The U.S doesn't need to reorganize it's debts. Besides, since it can create money, it can pay its debts. And it can raise revenue if it had the political will to do so. If the U. ... our economy. Without fiat money, people would try to barter with gold, but the value would not be consistent.

Description : American Airlines may be filing for bankruptcy. My dad is a pilot for them. What does this mean for me?

Last Answer : Chances are that they are filing operating bankruptcy (Chapter 11) which means that they are reorganizing their debt structure while under the bankruptcy court’s protection, which is unlikely to mean any changes in staffing. Your dad’s job should be safe for now.

Description : Can someone file bankruptcy from home?

Last Answer : Sounds like practicing law without a license.

Description : Should I sue the debt collectors or file for bankruptcy?

Last Answer : For every count of harassment, you can get between $500-$5000 depending on the state. It really is as simple as recording them and filing a lawsuit. There was a news story recently about a guy whose ... purposely get harassed by debt collectors so he could sue them. He was pulling in over 100k/yr.

Description : Have bankruptcy laws changed recently so that the debt needs to be paid back now?

Last Answer : answer:The whole point of bankruptcy is that your assets cannot repay the debts you have, so complete debt repayment is not required. The major point that many people miss is that bankruptcy offsets ... on their credit reference file will struggle to get any kind of credit in the foreseeable future.

Description : Is bankruptcy a good option in my case?

Last Answer : answer:If you mean to restructure your debt through a chapter 11, than it might be a way to go. However, I suggest you try working with the creditors yourself, perhaps with an advocate from the bank ... he was evicted from his apartment, all while he was on an aircraft carrier in the Middle East.

Description : What would happen if someone were to lie on a Ch. 7 Bankruptcy form(s)

Last Answer : answer:Hi @Collegestudent19, welcome to Fluther! Lying to the court is not merely “considered” illegal. And Federal courts handle bankruptcy, not state courts. If the ethics don’t deter enough, keep in mind that Federal prosecutors have a lot more resources than state and local authorities.

Description : Will BP file bankruptcy to avoid restitution?

Last Answer : BP will do as they please and there's nothing anyone can do about it, they are one of the biggest most important corporations to the industrial world, they aren't going bankrupt, feigning bankruptcy or ... in India, and set the proper tone for compensation, then you can expect BP to follow suit.

Description : How do I shop for a bankruptcy lawyer?

Last Answer : Welcome to fluther friend, and sorry you are going through this. I would definitely go with referrals myself, so maybe check out non-profit agencies in your area that help people deal with debt ... to look into women's help organizations-they tend to offer good referrals for reputable law firms.

Description : When a technology-based company changes its logo... is that a sure sign they've become irrellevent and/or on a trajectory towards bankruptcy?

Last Answer : removed by self-moderation

Description : Is there any symbolic signficance to GM filing for bankruptcy?

Last Answer : GM is already out of bankruptcy.

Description : Sirius / XM is filing for bankruptcy. Will we loose satellite radio?

Last Answer : psst, it’s lose!

Description : Whats your opinion of bankruptcy?

Last Answer : She should work with a group like this: http://www.moneymanagement.org/

Description : I'm a former GM employee. If GM files bankruptcy, will I lose my pension?

Last Answer : That’s what happened to the airlines. Pension’s were lost or went to pennies on the dollar. Sorry and good luck. It may get bad.

Description : I have always prided myself for having perfect credit, but the recent downturn in the economy and unexpected medical expenses have no changed that. I don't want to file bankruptcy, but am way behind on payments. What are my options?

Last Answer : For medical bills, you can make small payments to the hospital every month and as long as you’re paying off the loan, they can’t write it off as un upaid bill. So pay them $15 a month and use the extra $ to pay off your credit cards.

Description : Why did Chrysler file for bankruptcy in New York?

Last Answer : They own more politicians in New York

Description : Is it a problem to appoint someone who is filing for bankruptcy as a trustee to your investment account?

Last Answer : yea, I think so

Description : Why shouldnt I file for bankruptcy?

Last Answer : Although you say you can start rebuilding your credit, this really isn't the case. Although your credit score may increase, bankruptcy on a credit history is almost a sure fire way to ensure that ... really have no other way out, and be sure to have a long conversation with your financial advisor.

Description : Website that lists businesses and chains that have recently filed for bankruptcy or close to doing so?

Last Answer : No, because the filings are local not national.

Description : Will Lehman brothers stock disappear when it files for bankruptcy?

Last Answer : I strongly suggest you buy a bridge instead.

Description : What causes bank bankruptcy ?

Last Answer : Bank failure is due to lack of financial solvency.

Description : What is bankruptcy ?

Last Answer : If a person fails to meet the full claim of the creditor, i.e. if the amount of his debt exceeds the value of all his assets, then he can be declared bankrupt by law or court. The first bankruptcy law was enacted in 1920. At present the Bankruptcy Act of 1997 is in force.