Dallas Bankruptcy Car Loans. (214) 283-3386

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Dallas Bankruptcy Car Loans

Dallas Bankruptcy Car Loans

In todays economy, many good people in the Dallas / Fort Worth area have been affected by filing bankruptcy loss of job, divorce, or other misfortunes.  Bankruptcy car loans are becoming the norm these days and unfortunately if you have filed for bankruptcy, you may find it difficult to access a car loan through traditional banks or auto finance companies.  Most banks and finance companies have tightened their credit requirements. Consequently, for consumers with challenged credit, auto financing can seem to be an impossible assignment.  So, what determines "bad credit"?  Your credit history, which is a record of all of your past and present financial commitments most probably shows past due payments, charge-offs, foreclosure and/or liens.  In the eyes of a automobile lender or creditor, you may be viewed as a "credit risk" and therefore be denied the car loan you request.  If you have been turned down for car credit because of your credit risk, don't worry, you are at the right place to start re-building your credit while driving a dependable vehicle.

 

Credit Application

 

 

 

 

 

Sub-Prime Auto Financing

Our sub-prime lending program mainly works with lenders and banks that specialize in loaning money to individuals in the Dallas / Fort Worth area who have filed bankruptcy.  They are experienced with higher risk auto loans and are able to structure these loans that best suit your needs.  There is a down payment required which is normally 10% of the total sale price of the vehicle.  The down payment is a key factor for the auto lenders.  It shows that you are willing to use your money therefore lowering their risk.  A larger down payment will give you more bargaining power in regards to the interest rate and loan term.

 

Guaranteed Auto Financing

Our guaranteed auto finance program is unique - although the name suggests that we provide "in-house financing" or "buy here pay here", actually we offer car financing through the largest finance company of its kind.  Yes, it is guaranteed auto loan approval.  The guaranteed auto loan program has several benefits, most importantly is that your payments are reported monthly to all three major credit reporting agencies (Experian, Equifax and Transunion). There are very few major car dealerships in Dallas / Ft Worth (DFW) that is able to offer this type of auto financing and we are very proud to be the largest provider of guaranteed financing in Dallas / Fort Worth. 

As we mention throughout this website, we are specialized in helping consumers with bad credit.  However, we also specialize in other "special financing" which is listed below:

 

No Credit Car Loans Bad Credit Car Loans

Bankruptcy Auto Loans - Benefits


Bankruptcy auto financing has its disadvantages.  You are required to pay a higher interest rate and a larger down payment.  However, there are huge benefits that go along with re-establishing your credit with a bankruptcy auto loan.  Obviously the benefit of having a vehicle for transportation to work, school, grocery store, etc. is huge especially if it helps provide income for you and your family.  Actually, financing a vehicle and paying the monthly payment on time is the very best way to build your credit history and credit score.  The overall benefits of re-building or re-pairing your credit is enormous.  It can offer many opportunities including future no down payment and low interest rate car loans as well as a home mortgage or low interest rate credit card.

 

FAQs

 


I live in Arkansas. Is your auto financing available here?

Yes, we are able to contract in all 50 states.  Obviously, you will need to travel here (Dallas, Tx.) to take delivery of your new vehicle.


Can I qualify for a auto loan if I have filed bankruptcy?

Of course!!  We ONLY handle auto financing for those who have filed bankruptcy.


I have a used car that I want to trade-in.  Can I use it for part of my down payment?

Yes.  We treat used car trade-ins just like cash.  You can use all or part for your down payment.


If my credit is too poor, will I need a co-signer?

Your credit is not an issue, however there are qualifications that must be met for credit approval.  If you cannot prove income or residency then a co-signer who can will be needed.


What is the interest rate for the guaranteed financing?

The guaranteed auto financing can vary depending on the consumers risk level.  The interest rate caps at 17.99 APR.


I am already approved (filled out credit application, etc) - how long will the process take once I get there?

We will work very hard to handle the paperwork in a timely manner. Normally it takes a total of 1.5 hours to complete the loan process.  Sometimes it may take longer (depending on how many customers show up at the same time).


Is your online credit application secure?

Yes.  our online credit application is on a highly secured encrypted server.