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by Anonymous on March 18th, 2007

Anonymous

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What is the realistic time frame you can get a car loan after filing for bankruptcy? my friend said it took about a month but I heard its 3-6 months.

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  • by Yarnlady is happy every day on March 4th, 2008

    Yarnlady is happy every day

    All the lender cares about is whether you can pay the loan back or not. If you have a good job, and can show that you can make your payments on time, a car dealer or lender will lend you the money.

    Since they will be taking a risk, because of your past issues, they will charge a higher interest rate, and it will take longer to pay it off, but there is no time limit after a bankruptcy to get a new loan.

    Many large loan companies have policies that show a time limit after bankruptcy, but private lenders are more flexible.

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