Posts tagged ‘car loan payment’

Rebuilding Credit

There are circumstances that hit us in the face sometimes and the only solution is bankruptcy. But what happens if your car is ready for the car graveyard and there is now no credit for you to show a lender?

Some Lenders Are Willing to Take the Risk

Well this is where a car finance service provider can step in and help you in your dilemma. If you still have a reasonable amount of money coming in, have a look and see what you have left over to make on a car loan payment. If you have enough extra left over, then you are still able to get that car you so desperately need.

Times Have Changed

Under the old conditions there would be no hope whatsoever of achieving this monumental task, but legally you are still actually eligible to get a loan.
What you must do though is have very valid reasons as to why you have gone bankrupt. Most of the financing programs have a time limit of 6 to 12 consecutive months for you to pay off this loan. They expect that your conditions will be improved by than.

You just need to keep away from the auto credit options because that brings very high interest rates and possibly some charges that are not told about up front.

Draw Backs

Using auto finance is advantageous but does have some draw-backs. It