Most of the lenders that finance first time buyers, and report to the credit bureaus require a year on the job, and 15% to 20% down payment. If you meet these requirements you should qualify for a loan at a dealership that has a sub prime department.
Prior to applying with a lender you should visit with your trustee / attorney and ask him or her for an “Authorization to Incur Debt”. This is a legal document that states that the new loan will not be included in the bankruptcy.
Advice from Auto Credit Express on one way to re-build credit after bankruptcy and start living a better life.
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August 22, 2007
6:07 am
