Bankruptcy Auto Loans in St. Louis
One of the toughest financial situations a person may have to go through is bankruptcy. Unfortunately, declaring bankruptcy often gets a bad reputation, but it really is a responsible choice for a person who is unfortunately swimming in debt. However, one of the worst side effects of bankruptcy is the havoc it can wreak on someone’s credit for seven years, or sometimes even more. When a person needs reliable transportation, this can be incredibly tough. Here at 5 Star Auto Plaza, we believe that everyone should have access to reliable transportation, regardless of their credit history. For this reason, we offer bankruptcy auto loans in St. Louis.
Part of why we can offer loans when someone has a bankruptcy on their record is because we are a Buy Here Pay Here dealership. We do not depend on any outside sources for any of our decision-making – all of our financial decisions are handled in-house. So many other car dealerships depend on third parties or have special relationships with lenders, and their hands are tied when it comes to credit and loans approvals. By getting rid of the middleman, we have been able to add a more personal touch, and approve so many more people for car loans.
No matter the credit problem – bankruptcy, foreclosure, or even repossession – we can handle it. In fact, many local bankruptcy attorneys send us their clients because of our reputation for processing loans. It is important to note, however, that undischarged chapter 13 bankruptcies may require prior trustee approval.
To learn more about bankruptcy auto loans in St. Louis, stop by or call 5 Star Auto Plaza at (363)940-7600. Here at 5 Star, we understand that sometimes unfortunate events happen to good people. We want to build our clients for life.