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Discover What A Day One Bankruptcy Car Loan Can Do For You

Day One Credit helps people who have an open Chapter 7, Chapter 13 or recently discharged bankruptcy take the wheel to rebuild their credit and get the car they need. Here are some incredible benefits of choosing Day One:

No money down

We can offer most customers no-money-down loans with payments that will fit your budget. When we send your application out to our network of lenders, they are actually competing with each other to get your business. When that happens, can you guess who wins? YOU!

Restore Your Credit

You can start restoring your credit even before your bankruptcy process is finalized. There is no reason to wait. Too many people seem to think they have to wait until the bankruptcy is done, over and discharged. Not true! If you need to get a car the same day you file for bankruptcy, Day One is here to help make it happen.

Get Out of a Bad Loan

Are you “underwater” or “upside-down” on your current car loan, meaning you owe more than the vehicle is worth? Day One will get you out from under that bad loan and get you into a great car you can afford along with the opportunity to rebuild your credit.

Trusted Reputation

Over the years we’ve gotten to know some of the top bankruptcy attorneys in the area. These attorneys recommend us because they know we will get great results for their customers.

Attorneys we recommend

Improve Your Ride

The goal with a Day One bankruptcy car loan is to get you the right vehicle. That means buying used because a quality used car is still much cheaper than buying a brand-new car. But we mean a particular kind of used car – a newer model with lower miles in good enough condition that it will cost you less in the long run.

Unbeatable Experience

We’ve been working exclusively with bankruptcy customers for years. We know how this works and how to make it work for you. We are very familiar with all the common questions, and we have the answers!

Reviews & testimonials

The Best Cars

You won’t find a better selection of top-notch vehicles than what we make available to our customers. We also want you to feel great about your purchase!

Great Rates!

You can enjoy better finance rates than most people with bad credit – that’s the beauty of the fresh start that filing for bankruptcy offers you. With bankruptcy, your worst debts are either wiped clean or reworked into a payment plan you can afford, which means your financial situation is better than people with bad credit who haven’t filed for bankruptcy.

Top Lenders

Our extensive network of lenders means we have access to finance programs for all types of bad credit, including lenders who specifically work with bankruptcy customers. We’ve spent years developing this network and they’re all competing for your business. You won’t find this at most dealers!

No money down

We can offer most customers no-money-down loans with payments that will fit your budget. When we send your application out to our network of lenders, they are actually competing with each other to get your business. When that happens, can you guess who wins? YOU!

Restore Your Credit

You can start restoring your credit even before your bankruptcy process is finalized. There is no reason to wait. Too many people seem to think they have to wait until the bankruptcy is done, over and discharged. Not true! If you need to get a car the same day you file for bankruptcy, Day One is here to help make it happen.

Get Out of a Bad Loan

Are you “underwater” or “upside-down” on your current car loan, meaning you owe more than the vehicle is worth? Day One will get you out from under that bad loan and get you into a great car you can afford along with the opportunity to rebuild your credit.

Great Rates!

You can enjoy better finance rates than most people with bad credit – that’s the beauty of the fresh start that filing for bankruptcy offers you. With bankruptcy, your worst debts are either wiped clean or reworked into a payment plan you can afford, which means your financial situation is better than people with bad credit who haven’t filed for bankruptcy.

Improve Your Ride

The goal with a Day One bankruptcy car loan is to get you the right vehicle. That means buying used because a quality used car is still much cheaper than buying a brand-new car. But we mean a particular kind of used car – a newer model with lower miles in good enough condition that it will cost you less in the long run.

Unbeatable Experience

We’ve been working exclusively with bankruptcy customers for years. We know how this works and how to make it work for you. We are very familiar with all the common questions, and we have the answers!

Reviews & testimonials

The Best Cars

You won’t find a better selection of top-notch vehicles than what we make available to our customers. We also want you to feel great about your purchase!

Trusted Reputation

Over the years we’ve gotten to know some of the top bankruptcy attorneys in the area. These attorneys recommend us because they know we will get great results for their customers.

Attorneys we recommend

Top Lenders

Our extensive network of lenders means we have access to finance programs for all types of bad credit, including lenders who specifically work with bankruptcy customers. We’ve spent years developing this network and they’re all competing for your business. You won’t find this at most dealers!

Benefits of a Day One Bankruptcy Car Loan

You’ll get the most benefits when you choose Day One to find the bankruptcy car loan that best meets your needs.

No Money Down

LEARN MORE

No Money Down

We can offer most customers no-money-down loans with payments that will fit your budget.

CLICK TO LEARN MORE

No Money Down

We can offer most customers no-money-down loans with payments that will fit your budget.

Unbeatable Experience

LEARN MORE

Unbeatable Experience

We’ve been working exclusively with bankruptcy customers for years. We know how this works and how to make it work for you.

CLICK TO LEARN MORE

Unbeatable Experience

We’ve been working exclusively with bankruptcy customers for years. We know how this works and how to make it work for you.

Top Lenders, Better Rates

LEARN MORE

Top Lenders, Better Rates

We’ve spent years developing relationships with lenders who work specifically with bankruptcy customers.

CLICK TO LEARN MORE

Top Lenders, Better Rates

We’ve spent years developing relationships with lenders who work specifically with bankruptcy customers.

The Best Cars

LEARN MORE

The Best Cars

A great selection of top-notch late model vehicles from sedans to SUVs to pickup trucks and anything in between!

CLICK TO LEARN MORE

The Best Cars

A great selection of top-notch late model vehicles from sedans to SUVs to pickup trucks and anything in between!

If you’re ready to get all those Day One benefits, apply now!

Our application process is incredibly easy and typically gives you a decision in just a matter of minutes. You fill out the secure form, we quickly review it (and contact you if we have questions), then we send it out to our network of banks and lenders. They send us their offers and we select the best one to present to you. Ready for your fresh start? Fill out the form.

Here’s What Our Customers Say

New bankruptcy and starting over, and I got a really great deal. Great service. Easy to work with. Would recommend this place to anyone with a bankruptcy or bad credit.
Thank you! Stan and Mike where Awesome! Will tell everyone! When you think there’s no one that could help me, but to my surprise, they got me into a new car! This team of people that helped me will forever be part of my family.
Ramil was excellent, very accommodating and did everything he could to get me into a car that I wanted. I recently filed for bankruptcy and he was able to work with that and my budget and I am very happy with my vehicle.
Read more

Got questions? We’ve got answers!

Read the top questions customers ask us!

Do you offer a no-money-down option?
YES! And we’ll help ensure your payments are affordable as well.
Why should I buy a used car?
The goal is to buy a used vehicle because you get more bang for your buck if it’s a newer car with fewer miles. They’re way cheaper than buying brand-new and will cost you less in the long run.
How soon can I get a new loan?
At Day One Credit, filling out our auto loan application takes less than five minutes. And then you’ll have our answer in just minutes!
Do I have to wait until my BK is discharged?
Many bankruptcy filers think they have to wait some magical period of time before they try to get a car loan or wait until the BK is fully discharged. Not true! As soon as you file your bankruptcy you can apply.
What is a Fresh Start Program?
Bankruptcy laws were designed to help people get out from under crushing debt loads and make a fresh start. A Fresh Start Program means a loan program designed specifically to help consumers get the credit they need even though they have filed for bankruptcy. At Day One, that means getting a car loan in spite of a bankruptcy with our specialized network of lenders.
Can I get out my current underwater car loan?
Yes, that is another major advantage of working with Day One. We’ll help you get out of that upside-down loan and get you a quality car that’s more affordable.
What would be my payment?
Your monthly payment depends on factors such as the price of the vehicle, your down payment (if any), length of the loan, and the interest rate.
What would be my APR?
Your interest rate and APR vary greatly because they depend on many factors, including your credit, the vehicle’s age and condition, the length of the loan, and more. With a bankruptcy, your APR will be higher than customers with good credit, but better than bad credit borrowers who haven’t filed for bankruptcy because you now have less debt. To figure out your rate, fill out our quick financing application and we will get back to you in minutes!
Can I get a better rate if my BK is discharged?
Maybe, but it depends. If you took specific actions while your BK was open (3-4 months on average) to improve your credit or save up money for a down payment, you might get a slightly better rate. But many people simply can’t wait to get the car they need, and waiting may not make much of a difference at all.
What kind of car and how big a loan can I get?
There are no restrictions on the type of car you buy, except that you have to be able to afford it! Affordability depends on your payment-to-income and debt-to-income ratios, which are what lenders look at when evaluating your application.
Can I refinance my loan through Day One?
We don’t do straight refinancing deals. Our lending programs are designed for purchasing a car, not refinancing an existing loan.
What is going to happen with my old car?
It depends. If you own your old vehicle or if you have positive equity in it, you will get a fair trade-in value for your old car, which will help you get your next ride! If you are upside-down on your loan, you may be able to surrender your old car back to your lender.
If I signed a reaffirmation agreement can I still get a new loan?
Yes, you can! When you signed a reaffirmation agreement, all it meant was that you were committing yourself to continued payments on your vehicle’s loan. But you still have the freedom to sell that vehicle and get another if you can qualify for the new loan. That may be difficult if you owe more on your vehicle than it’s worth (being “underwater” or “upside-down” on the loan), but we’ve successfully helped many customers with this exact situation.
Can you refer me to a good bankruptcy attorney?
Some of the best bankruptcy attorneys refer people to us, and we would be happy to refer you to one of them. Visit our attorneys page.
FAQ