Bad Credit Auto Loan After Bankruptcy At Irwin's

Sometimes in life, bad things happen to good people; and through no fault of their own, anyone can become a victim of bankruptcy. The single biggest cause of bankruptcy in America today is medical debt. When you add in the fluctuation of our economy that can sometimes have a negative impact on income or even employment, it’s easy to see just how quickly financial burdens can snowball.

We understand that no one plans on getting sick, but unfortunately, it can happen at any time. That’s when the financial worries really begin. With skyrocketing healthcare costs, many people end up paying for procedures and medications that they must have, but simply cannot afford. Medical bankruptcy is a serious problem that can place a major strain on your credit for years to come. We want to do whatever we can to help people put the dark cloud of bankruptcy behind them forever and see the beauty of the clear blue sky.

Have you gone through a bankruptcy? We can help! At the Irwin Automotive Group, we know how to make it right and we want to help you get your credit back on track. Our dedicated financial service managers have cultivated excellent relationships with dozens of lenders and can help get loans for those who might not ordinarily qualify. To us, it comes down to way more than just numbers. We believe in people and we know that every individual deserves a chance to improve their financial wellbeing. That’s why we look past the numbers to get to know YOU as a person. Give us a call or just stop in to meet us. We can help ease the heavy weight of bankruptcy by putting the power back in your hands, and putting you in the driver’s seat of the perfect vehicle. We would appreciate the opportunity to earn your business and we certainly look forward to serving you!

What is bankruptcy?

Bankruptcy is a federal court process that confers the legal status of “bankrupt” on someone who cannot repay his or her debts.

What happens after filing for bankruptcy?

Bankruptcy allows you walk away from some of your debts, but the bankruptcy remains on your credit report for 10 years.

Does bankruptcy hurt your credit forever?

No. The bankruptcy will remain on your report for 10 years, but has less of an impact as time goes on (e.g. a bankruptcy from 2 years ago is seen as more serious than one from 9 years ago), especially if you are able to demonstrate a history of timely payments since the bankruptcy.

When can I buy a car after bankruptcy?

Bankruptcy will certainly be a challenge to overcome in terms of getting a car loan, but the sooner you get a loan and start making timely payments, the sooner you can start rebuilding your credit.