| Many people believe that if you file for | | | | might charge a lot more interest. It also might |
| bankruptcy, your credit is gone forever. This is | | | | have a lot of strings attached. If you don't meet |
| only partly true. Yes, your credit score will be | | | | your payments on time, it can be revoked. Also, |
| severely damaged, but there are still auto loans | | | | they won't lend you as much money, so you |
| after bankruptcy. These loans might not be as | | | | have to be frugal when car shopping. |
| good as the ones you can get with good credit, | | | | When looking for auto loans after bankruptcy, |
| but they're better than nothing. In fact, if, after | | | | always work out a loan before trying shopping for |
| filing for bankruptcy, you pay back all your loans | | | | a car. That way, you know what your constraints |
| on time, your credit score can recover. It will take | | | | are. If you pick out a car that's too expensive for |
| a while, but it's definitely possible. | | | | your loan, you'll end up disappointed. Don't be |
| There are many places that offer car loans to | | | | afraid of a used car. Many used cars are in |
| people with bad credit. However, not all of these | | | | perfect condition, and are much cheaper. Be |
| places are legitimate. When looking for an auto | | | | prepared to work with the car dealership. With |
| loan after bankruptcy, always be careful. Many | | | | bad credit, you don't have much leverage as far |
| car dealerships have plans for people with bad | | | | as loans go. Be patient, and be prepared to take |
| credit. These are much more reliable than corner | | | | the best deal they offer, and you won't end up |
| loan stores. However, they have some | | | | disappointed. |
| drawbacks. For example, a bad credit auto loan | | | | |