Has anyone brought a car during bk ch7

[NOMOREBADCREDIT]

Has anyone brought a car during bk ch7. and got approved.?

[CATCHMEIFYOUCAN]

Not DURING Bk7. But I applied with Capital one JUST TO SEE what they had to offer (close to discharge date). They sent me approval for up to $20,000 at 12 1/2%. Of course I didn't go for it as I currently pay 9.9% due to buying a new car (Hyundai Sonata 06) just a month before I actually filed last year (end of June).

Best Wishes, Catchmeifyoucan

[freshstart06]

Yes, just got a Dodge durango last week. fico score 430 and no down payment. Very easy process, you just have to complete your 341 meeting. By the way, my husband's fico was 390 he was the one they used to qualify for the loan.

[CATCHMEIFYOUCAN]

Freshstart06 what is your interest rate ?

Curious, Catchmeifyoucan

[NOMOREBADCREDIT]

Freshstart06 what is your interest rate ?

Curious, Catchmeifyoucan

bump?

[freshstart06]

It is high, high LOL, my husband took the paperwork to work and forgot to bring it home. I will let you guys know tomorrow. I got a good car but a bad interest rate but in this program if you pay on time for X amount of months then they reduce the interest I promise to give more details once I get the paperwork. My husband handled everything, I was just shocked we got a car with our ficos.

[HHM]

LOL, I have honestly never seen or heard of anyone with a FICO below 400 (note, the lowest FICO score is 300). No offense, but did you husband ever pay a bill in his life.

Just to give you some perspective, a score of 620 or less is considered "risky" by credit industry standards.

[freshstart06]

Actually, you have to realize we really did not have any credit cards. We paid on those but the limit was not high. However, he had medical bills, vic tanny (which he told to cancel, student loans and tax issues. So when you don' t have much credit but over due medical and taxes that brings your score down. He needed more credit. His score is not under 300 it is 390 it was 602 but after that guy that wanted to sue us for the option money for the home we opt not to purchase because I had a detached retina put the debt on our credit report his scores dropped, then the BK.

I personally had more credit then my husband. we were current before filing but we had a lot of bills on top of bills. Again, after filing BK our scores dropped big time.

[freshstart06]

We were able to get a car based on our previous payment history which is not bad, however, with that low score I was shocked as well.

I had a borrower that had a low score like my husband but after 1 year after discharge his scores when up to 720. so I know it can happen

[tiredofdebt]

who did you get your car through Freash Start?

[NOMOREBADCREDIT]

who did you get your car through Freash Start?

?

[NOMOREBADCREDIT]

WHICH credit report does cap one pull?

[tiredofdebt1]

nomorebadcredit...since u've had your 341 meeting...you should be okay to try for the capone car loan

[tiredofdebt1]

nomore- capone pulls both experian and equifax
roadloans-experian
ford auto-equifax

[samtaylor]

we bought a 2003 dodge ram 1500 with 40,000 miles the day of our discharge.... the company that financed us was called CPS.... that was may... then last month we went and bought a brand new 2007 chevy colbalt and was financed through HSBC.... our interest rates are at 18%.... it sucks but we wanted a fresh start on our credit