A Couple Frequently Asked Questions
Q:)
Can a person who has filed for bankruptcy, still get an auto
loan? And if so, how long must a person wait after filing chapter
7 before they can get an auto?
A:) In some cases you are eligible for financing after the initial
meeting of your creditors (341 meeting, first court date.) In
every case, you are eligible immediately after the bankruptcy is
discharged.
Q:) Do you do in
home financing and if so what are the requirements for someone who
doesn't have good credit?
A:) We do not originate loans. Most lenders that provide
financing for people with sub-prime credit are indirect lenders and
only purchases finance contracts from licensed auto dealers.
There is not a lending program that offers direct loans to people with
high risk credit that we recommend.
Q:)
I have no credit history, can I get pre-approved?
A:) Of course! AutoHelpLoans.com has first time buyer programs
for people with no credit history.
Q:) Can I use
AutoHelpLoans to refinance my current auto loan?
A:) No, financing is only available for new and used cars.
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Q:) Can I use
my trade as a down payment?
A:) Yes! You may use a trade as your down payment. If there is a
lien on the trade vehicle, however, additional cash may be required in
addition to the trade in.
Q:) How do you
qulify?
A:) There are no minimum qualification! Each appliction is
evaluated based on the credit profile and loan to value. A person
with a prior paid car loan, for example, may not have to meet
employment requirements and income; where as a person with a recent
repossession would.
Q:) What are
the monthly payments?
A:) Monthly payments are based on your credit profile and the vehicle
you are buying. Newer, lower mileage cars qualify for extended
terms. The best payments are on less expensive cars that have
under 50,000 miles.
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