Applying for a car loan after bankruptcy does not have to be a difficult process. In fact, many people have
successfully obtained a car loan the day after being discharged. Re-establishing your credit is one of the up
most importance after your bankruptcy has been discharged andapplying for a car loan is one way to help
build back your credit history.
Bankruptcy can be a difficult event. There is no denying this fact. However, you can still get a car loan after
bankruptcy if you know where to look. Canada Drives Now is one of the companies that specialize specifically in
bad credit financing options including bankruptcy and for those looking to buy a car.
When an individual is ready to file for bankruptcy, they must attain the services of a trustee. There are numerous
trustee offices within Canada that can help with this process. The trustee will notify all creditors of your filing. In
most cases, first time bankrupts are held for nine months. Once the nine month period is up, the individual is
discharged and absolved of all debts. If an individual has an auto loan, they sometimes have the option of
maintaining it outside of the bankruptcy or absolving that debt.
Applying for an auto loan after bankruptcy does not have to be a difficult. In fact, many people have successfully
obtained a car loan the day after being discharged from there bankruptcy. Re-establishing your credit is the
most important step to take after your bankruptcy has been discharged and applying for a car loan is one of the
best ways to help build back your credit history.
Getting a car loan after bankruptcy is the first step in rebuilding your credit. After that it's up to you. Be sure to
buy a car that fits well within your means and make all payments on time. If you follow these easy steps, you
will be well on the way to rebuilding your credit!
Applying for a bankruptcy car loan can actually be a positive thing. Because instead of approaching it as a
negative situation, our experts will help you realize that it is the first step to re-establishing your creditand even
reversing it to a good credit rating.
Whatever your credit situation, let us help you get behind the wheel of your new car. You've taken the first step
by visiting our website. Take a few minutes; fill out our free, no obligation credit application and get ready
to be behind the wheel of your new car. After filling up a credit application online, one of our credit specialists will
contact you within 48h to discuss your loan options.
Rates from 3.99% to 29.99% o.a.c Term: 24 months - 96 months o.a.c