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Will I be able to qualify for a car loan after a Chapter 13 bankruptcy?

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  Answers  |  1

April 29, 2019

It could be possible. You may apply for court permission to take out the auto loan while your case is still pending. Alternatively, you may have to wait for your final discharge date when your repayment period is over. Repayment plans are usually for three to five years.
Either way, try to raise your credit score before applying for an auto loan so that you get the best terms possible. You can check your credit score and read your credit report for free by signing into your MoneyTips account.
Here are some informative articles that may help to improve your credit score:
How to Rebuild Your Credit Score Fast
5 Steps to Rebuild Your Credit
Build your Credit Score with a Secured Credit Card
5 Things Not to Do When Rebuilding Your Credit
9 Simple Ways To Raise Your Credit Score – Free EBook
Other ways to negotiate lower interest rates and smaller monthly payments on your auto loan are to make a larger down payment and get a co-signer with excellent credit.

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