I included 2 auto loans in my bk, I voluntarily surrendered both vehicles. Is this the reason why I can't get an auto loan now vs. someone who maybe didn't have any car repos at all in their bk? I really don't understand why I keep getting denied for an auto loan, even from capital one. My BK was discharged last june. Since then I have got two credit cards - no late payments, both of them have even increased my credit limit already!! My credit scores have improved (Currently in the low 600s).
I really have not been to a dealership to see if I can get approved. All I have tried is the capital one blank internet application, usually I have heard they're the most bk friendly ones out there??? I did call my local Nissan dealer and had them run everything over the phone. After running my credit he said he could get me approved, all I needed was 10 references, utility bill and proof of income and he said I could get into a 15k-20k car....Ok but both times (a couple months apart) I tried to apply thru capital one blank check (website) for a 15k loan I got denied
???
I have read from numerous people on this forum how they got approved for 30k at 8% and all this other stuff. Don't quite understand why I can't get approved. I really don't another car right now cause I have one that runs just fine but I am anxious to continue rebuliding my credit. I think the answer to my question might just be the fact that I included two auto loans in my bk and thats why its going to be harder for me to get an auto loan anytime soon. Anyone else had a similar experience?
I really have not been to a dealership to see if I can get approved. All I have tried is the capital one blank internet application, usually I have heard they're the most bk friendly ones out there??? I did call my local Nissan dealer and had them run everything over the phone. After running my credit he said he could get me approved, all I needed was 10 references, utility bill and proof of income and he said I could get into a 15k-20k car....Ok but both times (a couple months apart) I tried to apply thru capital one blank check (website) for a 15k loan I got denied
???I have read from numerous people on this forum how they got approved for 30k at 8% and all this other stuff. Don't quite understand why I can't get approved. I really don't another car right now cause I have one that runs just fine but I am anxious to continue rebuliding my credit. I think the answer to my question might just be the fact that I included two auto loans in my bk and thats why its going to be harder for me to get an auto loan anytime soon. Anyone else had a similar experience?
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