Tag Archives: car
Filing for bankruptcy can be the first step to restoring your credit
So, a Fresno bankruptcy can actually start you on the way to good credit? This is a critical question to ask your Fresno Bankruptcy Attorney. First of all, you need to understand that the old adage: “the bigger they are – the harder they fall.” Comes into play here.
If your credit is in the 700’s or higher. It is true that your credit is going to take a significant drop after filing for bankruptcy. However, most people that file bankruptcy have been struggling to keep up their payments for a long time. So their credit is already in the 500’s or so.
The way credit companies rate your credit has to do with the high balances you carry on your credit cards and how many slow pays that show up on your credit report. Once you file for bankruptcy, the balances are wiped to zero and the credit companies can no longer report any late payments.
So your credit slate has been wiped clean. Typically a person will see a big drop in their credit for a short time, but as you start to make smart financial decisions your credit will begin to grow. Your late payments no longer appear and you don’t show high balances.
People often receive an offer for a credit card within 6 to 9 months of filing for bankruptcy. Of course the rates are very high. If you choose to to accept a credit card, be careful! Only use the credit card for gas and incidentals and pay it off every month.
After a year or so, you’ll be able to purchase a car on credit. But don’t run out and purchase the car of your dreams. Look at that car as a credit tool. Buy a car that represents very affordable monthly payments that you can pay off in three years. Remember, this car is not your dream car. It’s a car to get you back into the American Dream. It will help you re-establish credit.
In conclusion, people often ask if bankruptcy will ruin their credit. The true fact is, most people already have bad credit and the quickest way to start a new credit life is through a thoughtful bankruptcy.
Obviously, each person needs to make the decision to declare bankruptcy with caution and with sound legal advise. We suggest you contact a Bankruptcy Attorney in Fresno to explore all of your options.
You can contact the Winter Law Group at
Getting a Used Car Loan
Getting a used car loan does not have to be difficult. There are many things you can do to prepare yourself before looking at these available vehicle loans. You never have to pay full price and there are many options to get a cheap car loan, you just have to know how to find them.
Because of todays economic situation, cars are much cheaper, and thus more available. If you are without a vehicle, there are people who can help. Locating the right tools and resources can help you to solve your transportation problems once and for all!
There are things you should know about the resources out there before applying for a used car loan. Some of the most useful tips for getting vehicle loans are:
· Search online for a finance broker to help you in finding the perfect vehicle and finance for that vehicle. These professionals are there to help you with every step in the process of getting vehicle loans. · Finance Brokers can find unsecured and secured vehicle loans for individuals as well as businesses. · A cheap car loan perfect for you is available online. You do not actually have to go to a lot or dealership. Available cars and financing is available with the click of a button. Furthermore, you do not have to experience the face-to-face embarrassment of being rejected. · Some of these brokers can offer a used car loan with employment verification. You can also have the payment deducted from your pay to ensure on-time payments for your used car loan. · Many websites have all-in-one servicing wherein you can locate your perfect vehicle, find a good loan, and apply for that loan all online.
Remembering these tips above is essential in getting a cheap car loan. Sometimes, people do not realize that they are in control during the purchasing of a car. Getting a cheap car loan is simple to get and does not take long. Just make sure that you are well informed so you reduce the risk of getting ripped off and stuck in a deal that you cannot cancel.
Using an educated finance broker can save you some serious money, headaches, and time. Why go at it alone when you do not locate cars and financing for a living? Give the task to someone who does it everyday! You can then sit back, wait for your perfect deal, and go pick up your car without having to have left the house beforehand.
Not equipping yourself with this essential information can leave you with bad credit, broke from exurbanite monthly payments, and stuck from purchasing another vehicle. Do not become a victim be prepared! Many times, the online support and resources give contact information to some very useful people in the financial industry. If you are unsure about something, feel free to give someone a call. Remember, many people out there are just waiting to give someone a second chance find them today!
Quantum Finance Solutions is an Australian wide car finance brokering service that specialise in vehicle leasing, business car finance, used car loan and car finance. At Quantum Finance we will source the most cost-effective car finance facility to suit your specific needs and save you money.