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Category Archives: Bankruptcy

Information about Bankruptcy Auto Financing

Will I Ever Get a Good Interest Rate After Bankruptcy?

Going through a bankruptcy can leave you feeling like you will be cursed with high interest rates for life, due to the damage that has been done to your credit score. This simply isn’t true because time really does heal all wounds, even financial ones. And under the right circumstances, you may start to qualify for better loan terms sooner than you think. Continue reading

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Can You File for a Second Bankruptcy?

It’s true that most people feel like they have been given a fresh start after a bankruptcy discharge, but there is no guarantee that financial difficulties will never happen again after a Chapter 7 or Chapter 13 case is completed. And while you are allowed to file for another bankruptcy down the road, there are stricter guidelines to follow. Continue reading

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Should I File for Chapter 7 or Chapter 13 Bankruptcy?

Nobody wants to file for bankruptcy, but sometimes it is inevitable. And anyone who reaches the point where bankruptcy seems like the only viable solution to their financial problems must choose which type of bankruptcy fits their needs best: Chapter 7 or Chapter 13? The differences between the two will make the choice clear for most people. Continue reading

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What do I Need to Get Approved for an Auto Loan During a Chapter 13 Bankruptcy?

When you are involved in a Chapter 13 repayment plan, you have agreed to pay a certain amount of your debt back to your creditors over a three or five year period. And when you need to purchase a vehicle during that time, or incur any additional debt, you need trustee approval in order to finish the process. Continue reading

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Jim’s Story: A Tale of Refinance after Bankruptcy

A year ago, Jim made the decision to file a Chapter 7 Bankruptcy. During the process, he chose to reaffirm his auto loan. His original loan was taken out a year prior to the Bankruptcy proceedings, when his credit wasn’t great. While he was relieved that he was able to keep his car, he knew that he wanted to do something about that high interest rate on the loan after he got the discharge from the court. Continue reading

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What Leads to Bankruptcy?

There are a several things that can result in one having to file for bankruptcy. Here are a few. Continue reading

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Why Bankruptcy Isn’t the End of the World

When things get out of hand and you are left with no other option than to file for Bankruptcy, it’s easy to feel defeated and like everything is hopeless. But it doesn’t have to be. Continue reading

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Why Can’t I Buy a Car During a Ch.7?

Until your bankruptcy is discharged, auto dealers and lenders feel they run the risk of losing their money if they approve you before then. Continue reading

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Easier to Get a Car Loan with Ch.7 or Ch. 13 Bankruptcy?

Although these two common types of bankruptcies have different processes, they ultimately share the same benefits — including the ability to get a car loan. Continue reading

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How to Get an Auto Loan with a Open Chapter 13

Anyone that experienced a Ch. 13 bankruptcy knows they can be difficult because they last a long time. What happens when you need a car in that time? Continue reading

Posted in Bankruptcy |
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