Saturday, August 18, 2007

Bankruptcy Auto Loan

How To Find A Car Loan After Bankruptcy

It's almost impossible to get by without a car these days. Even if, you live in a city such as New York city, there are times when you need to go out of town for various reasons. Public transporation is great but it's not convenient nor is it exactly peaceful.

If you are one of the 33 million Americans struggling with bad credit - one of your new year's resolution may be to improve your credit score. To do this, you will need a good dose of discipline and money. To make money, you need a job and most jobs require some kind of reliable transportation, in order to be flexible with your employer.

If you have a low FICO score, chances are you are worried about how to get an auto loan with your bad credit history.

The fact is that about 15 years ago, getting an auto loan after bankruptcy was difficult, if not impossible. Things have changed and you have the internet to thank for this.

The internet has made the auto loan industry a very competitive field thus lenders are more willing to accept bad credit consumers. Some of these lenders have entire divisions and staff dedicated to serving the "credit-issues" customer base. Lenders such as the following offer bad credit auto loans with little hassle. You complete a simple form, which usually takes minutes and they work with you to find a suitable loan. These companies are particularly popular because they have a low paperwork threshold and so, if you are self-employed or have a sporadic paycheck schedule, you can still get a loan.

http://www.poorcreditgenie.com/bkautoloan.html