How Long After Bankruptcy Should You Wait to Apply for an Auto Loan?
March 29, 2022
5 Star Auto Plaza is available to help you with bankruptcy auto loans near St. Peters, if you are in need of a new (to you) car, we can help! We understand that things happen in our lives that are unavoidable. We want to make sure that you are able to have a dependable vehicle to get you back on your feet!
After bankruptcy, you can further increase your credit score with an auto loan through timely payments. Each monthly, on-time payment of your auto loan will be reported to major credit bureaus to bolster your credit score over a long period of time.
You can regain your financial freedom and independence after bankruptcy through an auto loan. 5 Star Auto Plaza can put you into contact with some of the best lenders, allowing you to make your credit score even better than before. The perk? You get a comfortable, reliable, affordable car for everyday commutes and peace of mind.
Will Missing Auto Loan Payments Negatively Affect Your Credit Score?
If you miss too many auto loan payments, your car is at risk for repossession. The repossession and missed payments can negatively affect your credit score for a long time afterward. It’s important to ensure that you can handle the expected monthly payments after auto loan approval.
5 Star Auto Plaza’s main goal is accommodation. We want you to feel comfortable with a reliable, affordable auto loan that you can handle every month. Talk to us about your budget and expectations. We can help you find an auto loan that fits your limitations!