If you've recently filed for bankruptcy or had a bankruptcy either dismissed or discharged, you should feel a bit better about your financial condition.
It may not be that your credit is improved, but the monthly load of credit card bills and other unsecured debts is now something in your past.
Breathe a sigh of relief, in that respect.
The challenging aspect of your new credit situation is getting approved for auto loans after bankruptcy. It's very, very difficult if you go to a car dealership or try to use a common local bank for a loan. Those are the toughest places to go to for a loan in your credit predicament.
There are however, good sources online that you can use to find a car loan, considering your credit. Regardless of past bankruptcies, you can get help online at either http://mycredittree.net or http://fundmyvehicle.net. These two sites will help you to get back on your feet, in regards to car credit.
You don't have to pay high interest rates if you use these sources. Not in comparison to traditional car loans, anyway.
Some people with past bankruptcies can expect to pay as low as, 7% or as high as 18%, commonly.
Having a valid reason for filing is important. Lenders will commonly ask what your reason was for filing and it's a very good idea to send an emailed statement or fax a statement in with a brief description of the cause and an explanation of how that cause will no longer be a hinderence to you in the future.
You've got less bills now, your monthly money in/money out situation should be greatly improved after bankruptcy, so you can look forward to being able to make your payments on time.
I hope that the resources on this page will help you find the auto loan that you need.
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