No one wants to declare bankruptcy, but sometimes it may be the best course of action. For anyone who has found themselves in a situation where their debt has become completely unmanageable, bankruptcy may suddenly start to look like a viable option. And that’s exactly what bankruptcy laws were designed to be – a way to greatly reduce or eliminate the worst of your debts so you can make a fresh start. But because there are so many misconceptions and stigma linked to filing bankruptcy, some people don’t know how to make the most of their fresh start. And that’s why we put together Day One Credit’s Bankruptcy Car Loan Guide.
When You May Need a Car in Bankruptcy
A scenario that happens all too often is when a person declares bankruptcy and then discovers they also need to replace their car. Many people in this situation may assume there’s no way they can finance a car purchase while they’re in bankruptcy. Not true! This guidebook walks you through the when, where, how and why of getting the vehicle you my need through a bankruptcy car loan.
When You Want to Rebuild Your Credit
Even if you’re not in an emergency situation regarding your car, a bankruptcy car loan is one of the fastest ways to restore your damaged credit. The credit bureaus want to see how you handle a new line of credit, but many traditional lenders are reluctant to do business with you. Getting a bankruptcy car loan is a great way to make the most of your fresh start.
What You Need to Know About a Bankruptcy Car Loan
The guide book we’ve assembled is chock full of useful information and will do the following for you:
Help you understand how important it is to make the most of your fresh start.
Give you our opinion on when a bankruptcy car loan makes sense and when it doesn’t.
Address many common questions people have about bankruptcy car loans.
Describe the benefits of getting a bankruptcy car loan through Day One Credit.
If you’re ready to learn more about a bankruptcy car loan, you can get your copy of Day One Credit’s Bankruptcy Car Loan guide here:
And when you’re ready, Day One Credit is here to help!
At Day One Credit we are experts at finding the best possible bankruptcy car loans in order to help our customers purchase high-quality used cars. We are not lawyers, we do not give legal advice, and nothing we say should be taken as legal advice. Your first step in anything related to bankruptcy should always be seeking the advice and counsel of a qualified bankruptcy attorney.