One of the hardest life events to have on a personal credit report can be bankruptcy. Unfortunately, it is a very responsible choice that some people have to make, when their debts have simply become too many. Bankruptcy stays on a credit report for up to seven years, and it can be extremely difficult to secure a car loan or lease immediately after bankruptcy. The problem is, many car dealerships don’t seem to acknowledge that everyone needs reliable transportation, regardless of having a bankruptcy on their record or not. Here at 5 Star Auto Plaza, we are willing to give everyone a chance regardless of credit, and for this reason we offer car loans after bankruptcy in St. Peters.

We are a Buy Here Pay Here dealership, which fundamentally means that we make all of our own financial decisions in-house. We do not send out our loan or credit applications to an outside source. This not only reduces the wait it takes for the results, but we also approve nearly every client who walks through our doors, regardless of their credit history. Whether the problem is bankruptcy, foreclosure, repossession, medical bills, divorce, or unpaid credit cards, we can help.

In fact, many local bankruptcy attorneys send us their clients during and after bankruptcy, because they know we are excellent at approving clients in that situation. We do take on both Chapter 7 and Chapter 13 bankruptcies, however an undischarged Chapter 17 bankruptcy may require prior trustee approval.

We invite all potential car buyers to come down and see our large inventory of cars, trucks, and SUVs. To find out more about car loans after bankruptcy in St. Peters, stop by 5 Star Auto Plaza or give us a call at (636)940-7600. Here, we want to build clients for life.