Fall is a great time to start planning your holiday budget. You’ll be much less likely to overspend this year if you think and plan ahead.
When you are discharged from a Chapter 7 bankruptcy, you are essentially starting with a clean slate, aside from the fact that you will have a black mark on your credit report from the filing for up to 10 years, potentially making it hard to find a lender who will approve you. However, if you did have previous auto loans that were in good standing or have paid off a vehicle since you filed your Chapter 7, you will have better chances getting approved by a lender. You just need to make sure you are working with a car dealership that has a financing team that knows how to work with unique financial situations.
You realize that you need to purchase a vehicle, only to discover that you have little to no credit history. While it’s great that you don’t have damaged credit, you may have just as much trouble obtaining financing as someone who does. This is because lenders have no way of knowing whether or not you are a loan risk.
You need a car. And while you could pursue a used vehicle purchase, you really want to avoid the repair bills that are associated with older vehicles. A new car would be ideal, but can you buy one with damaged credit?
The 5 C’s of Credit are the key elements a lender is evaluating during the loan application process.
What do you do if someone steals your identity? No one wants to consider this as a possibility, but if it does happen, you will need to act as quickly as possible. Identity theft may cost you time and money, and it can wreak serious havoc with your credit rating.
Now is the perfect time for some car maintenance for the fall, as the autumn season can bring harsh changes to weather conditions.