increased greatly.

How do you make the potential lender aware of them? Tell them. On your credit reports (a different report from each of the three major credit bureaus - Equifax, Trans Union, and Experian -- you are allowed as a consumer to put a "consumer statement" on your report, which is then available for anyone to see who pulls a copy of your credit report. Add your consumer statement to each of your credit rep

Although many people have a hard time believing this, you CAN still get a car loan after bankruptcy if you want to. It might be a little bit tougher and you might end up paying a higher interest rate than if you had not filed for bankruptcy, but the bottom line is that there is really not a secret to getting a car loan after bankruptcy.

How can I say that? It is simple economics. The major lenders like nationwide outfits might only look at the bare facts, and the one bare fact that will be staring them straight in the face is that you declared bankruptcy. That is a humungous red flag on your credit report, and that will be there for 7 to 10 years after your bankruptcy proceedings.

But that is where you look to your local banks and credit unions in the town where you have an established presence and residence, as well as the secondary lenders. These types of financial institutions are usually willing to look beyond the bare facts. Yes, they are still business people and therefore cannot totally discount the fact that you declared bankruptcy, but with many of these, your options may be more plentiful than you think because you can get a car loan after bankruptcy.

One of the things they will look at is why you filed for bankruptcy. There are a variety of very logical and plausible reasons for doing so, and none of those have to do with anything illegal or poor business management skills. Perhaps you had a huge unexpected medical expense or had a long term illness that prevented you from doing your business, which then fell apart. While unfortunate, these kinds of things happen, and if you make the lender aware of them, your chances of getting a car loan after bankruptcy just increased greatly.

How do you make the potential lender aware of them? Tell them. On your credit reports (a different report from each of the three major credit bureaus - Equifax, Trans Union, and Experian -- you are allowed as a consumer to put a "consumer statement" on your report, which is then available for anyone to see who pulls a copy of your credit report. Add your consumer statement to each of your credit repo

s might only look at the bare facts, and the one bare fact that will be staring them straight in the face is that you declared bankruptcy. That is a humungous red flag on your credit report, and that will be there for 7 to 10 years after your bankruptcy proceedings.

But that is where you look to your local banks and credit unions in the town where you have an established presence and residence, as well as the secondary lenders. These types of financial institutions are usually willing to look beyond the bare facts. Yes, they are still business people and therefore cannot totally discount the fact that you declared bankruptcy, but with many of these, your options may be more plentiful than you think because you can get a car loan after bankruptcy.

One of the things they will look at is why you filed for bankruptcy. There are a variety of very logical and plausible reasons for doing so, and none of those have to do with anything illegal or poor business management skills. Perhaps you had a huge unexpected medical expense or had a long term illness that prevented you from doing your business, which then fell apart. While unfortunate, these kinds of things happen, and if you make the lender aware of them, your chances of getting a car loan after bankruptcy just increased greatly.

How do you make the potential lender aware of them? Tell them. On your credit reports (a different report from each of the three major credit bureaus - Equifax, Trans Union, and Experian -- you are allowed as a consumer to put a "consumer statement" on your report, which is then available for anyone to see who pulls a copy of your credit report. Add your consumer statement to each of your credit rep

nders. These types of financial institutions are usually willing to look beyond the bare facts. Yes, they are still business people and therefore cannot totally discount the fact that you declared bankruptcy, but with many of these, your options may be more plentiful than you think because you can get a car loan after bankruptcy.

One of the things they will look at is why you filed for bankruptcy. There are a variety of very logical and plausible reasons for doing so, and none of those have to do with anything illegal or poor business management skills. Perhaps you had a huge unexpected medical expense or had a long term illness that prevented you from doing your business, which then fell apart. While unfortunate, these kinds of things happen, and if you make the lender aware of them, your chances of getting a car loan after bankruptcy just increased greatly.

How do you make the potential lender aware of them? Tell them. On your credit reports (a different report from each of the three major credit bureaus - Equifax, Trans Union, and Experian -- you are allowed as a consumer to put a "consumer statement" on your report, which is then available for anyone to see who pulls a copy of your credit report. Add your consumer statement to each of your credit rep

f very logical and plausible reasons for doing so, and none of those have to do with anything illegal or poor business management skills. Perhaps you had a huge unexpected medical expense or had a long term illness that prevented you from doing your business, which then fell apart. While unfortunate, these kinds of things happen, and if you make the lender aware of them, your chances of getting a car loan after bankruptcy just increased greatly.

How do you make the potential lender aware of them? Tell them. On your credit reports (a different report from each of the three major credit bureaus - Equifax, Trans Union, and Experian -- you are allowed as a consumer to put a "consumer statement" on your report, which is then available for anyone to see who pulls a copy of your credit report. Add your consumer statement to each of your credit rep

increased greatly.

How do you make the potential lender aware of them? Tell them. On your credit reports (a different report from each of the three major credit bureaus - Equifax, Trans Union, and Experian -- you are allowed as a consumer to put a "consumer statement" on your report, which is then available for anyone to see who pulls a copy of your credit report. Add your consumer statement to each of your credit reports to explain BRIEFLY the circumstances behind your filing. Don't get flowery or excessively wordy or write a sob sory, just write the facts as concisely as possible.

Now when you go to apply for a new car loan, this information will be shown to the potential lender, which they can evaluate along with the fact that you did indeed file for bankruptcy, but now they have a clearer picture of the whole story. Sometimes a lender will assume that you have learned your lessons from the bankruptcy, where in fact you may even be a BETTER credit risk than you were before filing.

While there are certain things you need to do to pave the way for yourself, this can be a great step towards getting yourself back on track and getting your credit re-established. With a bit of work, you can get a car loan after bankruptcy.