Car Loan After Bankruptcy
Most sub-prime lenders will offer the best car loan after bankruptcy, once it is discharged. The reason for this is simple; the debtor has no more debt and can afford a new monthly car payment. Post discharge, most individuals are committed to improving their credit score by making their monthly payments on time.
Most online car loan lenders, on the other hand, decline auto loans for people with dismissed bankruptcies. While most BK’s do in fact discharge, a small percentage are dismissed by the court. Bankruptcies are typically dismissed due to the uncooperative behavior of the debtor.