As the saying goes, “when it rains, it pours.” Not only do you have a Chapter 7 bankruptcy that was filed, now your auto has finally died. Is it even possible to finance a used car with this significant blemish on your credit report? Thankfully, there are dealerships, that offer auto loans after bankruptcy in Everett / Snohomish County.
Realize, though, that you are now a significant risk to a dealer even though this financing is available because of your failure (no matter what the reason) to manage your debts successfully. To cover himself, a dealer typically requires you to supply more of a down payment with a higher interest rate than he would for someone with a better credit history.
Waiting as long as you can after your bankruptcy filing is your best option. However, that is not always possible. If you need a car sooner rather than later, you must attend a 341 meeting. This consultation is very important in that it permits a court trustee to examine and validate your assets and supply information about your debt situation.
Give this information to a dealership with a down payment and other necessary paperwork to qualify for a loan on a dependable car that will meet your transportation needs.
Speak with the sales professionals at Carson Cars at (855)583-9356 about auto loans after bankruptcy in Everett / Snohomish County. We can offer financing to help rebuild your credit and also supply your choice of vehicles from or large inventory. Call us or stop by today!