I have declared chapter 7 bankruptcy and thinking of financing a car. I need tips or pointers on what to do? - bankruptcy car financing
I am in Colorado and has decided on a very bad debt with credit cards in the shop and go into receivership. My hoopty given in and am of the debate about the high interest payments on the car, perhaps 18% or stay with my hoopty always laugh and fix it. I'm probably the concession of a number of locations at which he allegedly sent letters to help you, a car, go to ease the transition. Please help
Wednesday, January 6, 2010
Bankruptcy Car Financing I Have Declared Chapter 7 Bankruptcy And Thinking Of Financing A Car. I Need Tips Or Pointers On What To Do?
4 comments:
In about 7-10 years you should have access to credit markets at reasonable prices, provided that you clean your nose at this time and clean your credit history to keep. What are the consequences of screwing thousands of dollars from its creditors.
Get your car fixed and the next time someone laughs ... laugh and tell them that you own your vehicle and how much they pay rent to the bank every month?
If you are willing to pay the monthly payments for a car yet ... why not do so and pay the money in a savings account, for the next year or two, then buy a decent used car for cash?
The only thing this shop sells expensive is a lemon guarantee without a price, and hell ... is expected to decompose in a year, and again he is stuck paying for a car ride no more.
In no event will pay a contribution of 18%, a car. Just go back to the car in financial difficulties on this path. You do not laugh now about the right to worry, you can define your car, who you are. You've got your finances in order. They know that bad credit, you can prevent certain activities set?
Have you learned something!
First, if the BK was dismissed, you will not get a loan.
2. 18%. Please! You do not need a new car you want.
The only people you laugh, understand the people that pay you 18% for a car that can not afford that.
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