That's a good question. I'm not sure what is the answer to your question. I'll do some poking around and get back to you if I discover an decent answer. You should email the people at Lending Tree as they probably could give you help..

If Im not mistaken, dealers will look at your credit scores as well as previous auto loans and leases to see your payment history..

Are you including a car in your BK? If you are...I wouldnt..

Do you have a good car loan(s) tradeline(s) on your credit reports?.

If you arent including a car in your BK and you have positive car Lending Tree loan tradelines, you should be able to get something fairly decent..

I have read many places to go to a large Ford dealer in your area...Ford is the most BK friendly when it comes to financing...

The car I have now is 10 years old and I paid cash for it. I have a couple other car loans on my credit file (the only good things on it), but they were not long payment histories. I think one car was 7K and I paid it off in a little over a year. and the other car which was $31K got paid for in 7 months because I sold it. I wanted out not for the payment, but it wasnt the car I thought it would be for the money (98 Cadillac STS), and I knew they would depreciate like a bag of bricks so I moved it along to someone else after driving it across the country a couple times and basically not liking it. I got another vehicle after (99 Explorer) but that got repod last year after switching living in the midwest to living on the west coast.



But I have no open trades on my file now. I was thinking about just getting a couple bank CD secured loans after BK to reestablish. Ive heard the cut throat CCs wont be as credible to scoring as the bank loans would look. But I guess overall it's just opinion and sheer guess work as to what is better if either one even is. I considered trying to dispute and not file BK, but figured it not likely to dispute a repo and win anyway. have about 10 other charge offs so it just seemed to figure BK might be the best option.



Thanks for any help. Tom..

One more thing might help when going for another car after BK is a nice size down payment!!!.

Let us know how you make out...my lease is up in December and I wil have to think about another car...my BK was discharged in September 2002..

I have started to rebuild my credit just for this purpose. My credit scores arent too bad though, even with the BK...

Down payments are a key at times. I royally ate it on the Cadillac, but after driving it and having a couple problems I trully disliked driving it. I had $10K down on it and when I dols it barely paid off the rest. But when I look at what the 98 STSs are selling for today not all that much later I am still glad I ate the 10 grand more or less on it. I'd be so upside down it wouldnt even be funny. it would have just been another repo..

He funny thing was is that the balance I carried on it wasnt bad. my Lending Tree loan was basically 20 grand after down payment but with the bad interest rate my payments were in the $565 range..

If you go into a dealer a month after a BK and throw $10,000 down on say a $26,000 car, does one think that lucrative enough for someone to bite so soon?.

Also with being a basic high credit risk, are they going to severely restrict the age of the car I buy to perhaps less than 3 years old? that would kind of suck as I could get a much nicer 5-6 year old car for the 25K over what Id be faced with in the almost new range. interesting.....