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How to get a car loan after bankruptcy: It’s tough but possible
Getting approved for a car loan after bankruptcy can be challenging.
Rebecca Betterton, a Certified Financial Education Instructor℠, is a writer for Bankrate who has been reporting on auto loans since 2021. Through her writing, Rebecca aims to provide clarity and accessibility to the automotive loans industry as the cost of financing new and used vehicles continues to climb due to steep inflation.
She specializes in assisting readers in navigating the ins and outs of securely borrowing money to purchase a car, but recently widened her scope to cover personal loans and other debt topics. Prior to her time at Bankrate, she was a social media reporter and copywriter.
When Rebecca isn’t researching recent trends in personal finance, she is an avid runner and a lover of interior design.
Rebecca understands the anxiety that comes with heading to a dealership. She is passionate about empowering readers to make informed financial decisions in the showroom through focused advice and guidance. Outside of that, she has spent the last year researching EV financing and trends to make it more accessible for all sorts of drivers.
Getting approved for a car loan after bankruptcy can be challenging.
Getting out of a car loan takes some work, but it is possible.
You can use your tax refund to pay off a loan or make a down payment on a new car.
A lender may not let you remove a car loan co-signer without refinancing.
Buying a used EV can be a cost-effective option in 2024 due to available incentives and declining prices
To choose the right refinancing loan, consider how funding timeline factors.
Refinancing is worth it if it helps you save money.
Consider the whole of the process before deciding if a lease buyout is a good idea.
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PenFed and U.S. Bank auto loan rates are competitive — if you have an account.
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Don’t just look at a used car’s polish and history. Get an oil analysis to learn about the health of the engine.
Credit Direct and LightStream car loans are made for nontraditional car purchases.
Learn why these nonprofit institutions are a smart choice for auto buyers.
To choose the right refinancing loan, consider how funding timeline factors.
Upstart vs Caribou: These auto refinancers are similar with some key differences.