
Chris D
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No one will do anything until the bankruptcy is discharged. When you file you have to include all debts and can have the bankruptcy dismissed if you do not. At best you have to wait until the bankruptcy is discharged and then you would be able to get a car loan because it is secured by the vehicle. You will pay through the nose however as the interest rate will be high due to your poor credit history |
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Anjell
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Everyone is advising you correctly. Uhmm just out of curiosity if you are filing chapter 7, clearly you're insolvent. Exactly how do you plan on paying a car loan. I think you need to pay cash for a second hand car or even better get hold of a bus pass until you're in the clear. You're just digging yourself deeper in debt. You're supposed to learn your lesson when filing bankruptcy....geeze. |
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stan c
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If you try to get financing while you're doing chapter 7, the court might throw out the bankruptcy altogether. There's suppose to be no activily while you're filing. |
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Jeff T
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When are you going to learn your lesson?
Loans are what got you into chapter 7 in the first place.
It's time you started to act your wage. |
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bdancer222
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Now why would anyone extend credit to someone in the midst of chapter 7? You sign the loan paperwork, they give you the car, and you get the loan discharged in your bankruptcy! Duh!!!
It's pretty obvious to me that in a few years, you will once again be over your head and debt and asking how soon can I file bankruptcy again. You really should learn the difference between NEED and WANT. |
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Ted
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The loan itself is not a problem. A loan with a lien on a specific piece of property is usually not discharged by bankruptcy. The problem is you don't have a down payment. All your assets that you might use as a down payment are under the jurisdiction of the bankruptcy court. If you have money for a down payment that you didn't tell the court about, that's bankruptcy fraud. |
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Wayne d
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It might really save you hassle to just get an automobile loan estimate online to see what the going rates are. You might be pleasantly suprised. Also if your credit is not so great, a lot of online loaners are more able to work with people.
What I usually tell folks is that an online quote at http://auto.lowratetoday.com is the way to go. |
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Financial Advisor
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