If you've recently experienced bankruptcy, you might be under the impression that you won't qualify to purchase a quality car. Fortunately, that's not true. Life happens to us all, and our team at Utah Car Credit fully believes that everyone deserves a chance to get back on their feet and rebuild their credit profiles. One of the best ways to do this is by purchasing a vehicle and making the payments on time. We want to help you do this! That's why we've put together these bankruptcy FAQ's, and the answers!
Can I be approved for a loan after bankruptcy?
Absolutely! And unlike many dealers, we can even get you a loan prior to your 341 meeting. And even your bankruptcy has discharged, we can still help. Our team of specialists understands how to make things work for your personal situation.
What about Chapter 13 bankruptcy?
We can still work closely with you and your attorney to address the situation appropriately and obtain the needed authorization to all you to purchase a new or used vehicle.
Will my interest rate be less if I wait until my bankruptcy is discharged?
Not necessarily. This will often depend on your situation. Luckily our team of specialists can help to understand your current situation, and help get you competitive financing and rate reduction.
Do I have to keep or re-affirm on my vehicle?
The answer is no! The sooner you can start to reestablish your credit, the better.
Hopefully each of these answers are the good news you were looking for! At Utah Car Credit, our goal is simply to help. Our Rate Reduction Program is one of the ways we do this--allowing you to reduce your interest rate every three months as long as your payments are made on time. Learn more about us at www.utahcarcredit.com!
