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What About Keeping My Car OUT Of My Bankruptcy?

admin — Fri, 25 Jun 2010 16:06:31 +0000

We spend a lot of time here talking about what you can do to get a car loan AFTER a bankruptcy, but that doesn’t help people who are considering bankruptcy and/or in the process of filing. Fortunately, Colorado Bankruptcy attorney Michael Wink has offered to give us some advice on the ins-and-outs of keeping a car [...]

The 3 Most Common Types of Collections

admin — Thu, 05 Jul 2007 17:25:35 +0000

Collections are the worst — you get a ton of nasty calls and letters, the amount of money that you owe keeps increasing, and they really hurt your credit score. Dealing with a collection notice as soon as you get it is critical, but dealing with a collection doesn’t always mean paying it. Before you [...]

SCAM ALERT: Companies “selling” credit are bad news

admin — Mon, 04 Jun 2007 18:44:53 +0000

I’ve just learned of a new identity theft scam where a company or individual offers to sell you positive credit…the pitch goes something like this: We help people build credit by including them as a co-signer or co-buyer on an account that we pay off each month. With our service, your credit report will show you [...]

Getting a Car Loan after Bankruptcy — A Summary

admin — Thu, 10 May 2007 20:53:14 +0000

Getting a Car Loan after Bankruptcy — A Summary. Here is a quick re-cap of the steps you need to take to get a car loan after your bankruptcy is discharged. 1. Put your house in order. Come up with a budget and a savings plan. Make sure all of your old creditors know that you [...]

Getting a Car Loan after Bankruptcy — Step Five: Get More Credit

admin — Thu, 10 May 2007 20:49:39 +0000

Step 5: Get More Credit Time to join a local credit union and apply for some national bank credit cards. Even though financing through a Credit Union doesn’t benefit your credit as much as financing with a national lender, they can help put you over the top and complete your re-establishment process. Your employer may be [...]

Getting a Car Loan after Bankruptcy — Step Four: Buy A Car.

admin — Thu, 10 May 2007 20:38:52 +0000

Step four — Get a car loan. Very quickly, a recap of what you’ve done since your bankruptcy discharged: You’ve been saving cash and all of your important financial records like paystubs, bank statements, etc. You have a secured credit card (or two) that you’ve used only once and that has no balance. You have saved enough money [...]

Getting a Car Loan after Bankruptcy — Step Three: Get Secured Credit

admin — Thu, 10 May 2007 20:34:18 +0000

Step three — Get a secured credit card or two. What’s a secured credit card? It’s a credit card secured by cash. For instance, you send the credit card company $500 and they’ll give you a credit card with a $500 limit. Send them a $1000, and you’ll have a credit card with a $1000 [...]

Getting a Car Loan after Bankruptcy — Step Two: Start Hoarding

admin — Thu, 10 May 2007 20:27:31 +0000

Step two — Start Hoarding You’re going to need some cash to get your credit going again. Secured debt credit cards require a cash deposit, and if you’re going to get a decent interest rate in the near future you’re going to need money for a down payment. You also want to save up cash [...]

Getting a Car Loan after Bankruptcy — Step One: Put Your House In Order.

admin — Thu, 10 May 2007 20:25:56 +0000

Step one — Put Your House In Order. Do you know why you filed bankruptcy? Was it because of something beyond your control, like an illness, a death in the family, a messy divorce, etc.? Was it because you have a hard time keeping a budget? Was it a little bit of both? Whatever the [...]

How to Get a Car Loan after filing Bankruptcy

admin — Thu, 10 May 2007 20:23:02 +0000

If you’re reading this, you’ve probably already filed bankruptcy or are about to. Thanks to some recent changes in bankruptcy law, there’s about a 50/50 chance you filed Chapter 7. For those of you who did so, this guide will tell you how to get your credit re-established in 12 to 18 months. For those [...]