Getting Approved After Chapter 7You probably think that making a vehicle purchase immediately after filing bankruptcy is impossible. While, you probably won't run out the day after filing, you don't have to wait years upon years. Tacoma Car Credit has many Chapter 7 Bankruptcy loan programs, may which require $0 down payment. Our Chapter 7 loans are designed to help people purchase a vehicle with both open and discharged Chapter 7 Bankruptcies. You may be thinking, "Why would anyone buy a vehicle after filing Chapter 7 Bankruptcy?". In all reality, there are actually several reasons to consider buying a vehicle after you Chapter 7 bankruptcy. Here are a few of those reasons:

 Chapter 7 Bankruptcy loans usually require a low down payment or even $0 down.

Chapter 7 bankruptcy lenders realize that you just went through a bankruptcy and they understand that you probably don't have $1,000s of dollars to make a down payment on a vehicle. With our selection of loan programs, we are sure to find a program that will fit your individual needs. Most of our Chapter 7 Bankruptcy loan programs require little to $0 down payment.

 Tacoma Car Credit loan programs offer affordable monthly payments.

The last thing we or our lenders want to do is get you into a loan that you're unable to afford payments for. Typically the payment you will be approved for is pretty conservative based on your debt to income ratio. Making a decision on your vehicle selection should be done based of logic and not emotion, especially after going through bankruptcy. Making an informed decision, with the help of one of our credit specialist, will set you forward on the right path to rebuilding your credit.

 An auto loan can help you rebuild your credit after filing for Chapter 7 Bankruptcy.

You may be asking yourself, how can acquiring more debt help to rebuild my credit? Obtaining a major installment loan, like an auto loan, and making regular payments can help you reestablish your credit. Making payments on time will help improve your credit and help put your bankruptcy behind you. Credit is everywhere in our lives. Want to purchase a home in the future? Rent an apartment? Get a new job? You'd be surprised how many times in your life your credit situation could make an impact on your future. Start rebuilding your credit now with an auto loan from Tacoma Car Credit.

 Reliable transportation is important in helping you rebuild your credit.

Most bankruptcy vehicle loan programs are designed to help people purchase that the lender determines is reliable transportation. The lender's definition of reliable may be different than yours. The basics stay the same though. Low miles. Recent model year. No "gray market" vehicles. What's a gray market vehicle? A gray market vehicle is an automobile sold in the US with an express written warranty BUT has been imported and therefore does not have an express warranty that is valid in the US. Daewoo is an example of a gray market vehicle.

Do you have additional questions? Check out our Frequently Asked Questions page OR fill out the quick form below and one of our credit specialists will contact you shortly.

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