Repossession may put an end to a cosigner’s responsibility toward a loan. However, they have certain legal rights to which the lender must adhere.

After going through a bankruptcy, you may be wondering if buying a new car will ever be possible. The good news is that bad credit isn't forever, and full recovery from either a Chapter 7 or a Chapter 13 bankruptcy is entirely common.

When you are buying a car, there is more than just the loan to consider. You need to remember that there are also tax, title and license fees. So, you may be required to bring additional money to the table, depending on who you purchase the car from.

Coming up with an ideal down payment requires some forward thinking. Your goal is to make the cash that you provide up front significant enough to save you money down the road.

Paying off a balance that has gone into collections may or may not improve your credit score. You have to remember that, at this point, the original creditors no longer own the debt, so all decisions regarding the account will be made by the agency that purchased the debt.

If you file for a Chapter 7 bankruptcy, what will happen to your vehicle? Most Chapter 7 filers have to decide whether they want to keep their car or surrender it to the lender.

If you have a car when you file for Chapter 7 bankruptcy, you could find yourself with a big decision to make. In many cases, a bankruptcy filer can choose to either keep the vehicle or surrender it to the lender.

Having bad credit doesn't have to mean that you're limited to buying cheap cars from private sellers. You can get an affordable car loan to buy a safe and reliable vehicle, and start to rebuild your credit at the same time.

It can be frustrating when you need to buy a car with damaged credit. Luckily, if you have a dependable income, there is a really good chance that you can get approved for financing in spite of your bad credit. Sometimes, your job is your credit, and it just comes down to finding the right lender.

While it may not be ideal to incur new debt while involved in a Chapter 13 repayment plan, sometimes it is necessary. For example, if you require regular access to reliable transportation, you may have to purchase a car. If you do need to get financing for a vehicle purchase while in the middle of Chapter 13 bankruptcy, there is a procedure that you must follow.