Future financing & loans after bankruptcy

Credit Cards after bankruptcy

Often it is easier to obtain credit cards after filing a bankruptcy than prior to filing. This is primarily because the creditors understand that you typically cannot file a bankruptcy again for another 8 years, and you have no other bills to pay, meaning you are a great credit risk and now have the ability to pay your new credit card bills.

Moreover, your FICO score typically increases immediately after a bankruptcy filing, as 1/3 of your entire credit score is based upon the outstanding debt which is wiped out with bankruptcy.

It is not uncommon to get numerous credit card solicitations right after filing your case. Good advice is to get 4 credit cards, but pay them off each month. This will start to set a positive track record and further improve your credit.

Auto Financing after bankruptcy

The Local Auto Dealerships in Southern California all want to sell you a new car fresh out of bankruptcy. Just like with Credit Cards, they understand you are now a better credit risk after your case is filed.

Moreover, they are further protected since they hold a security interest in the vehicle and can repossess the car if you fail to pay. Shop around, though, since interest rates after bankruptcy should run about 10% to 15% and many times they will try to charge a rate closer to 20% if you are not careful.



    Laguna Hills Bankruptcy
    25401 Cabot Rd.
    Suite 113
    Laguna Hills, CA 92653
    Call 888-362-6529

    Santa Ana Bankruptcy
    930 West Seventeenth St.
    Suite C
    Santa Ana, CA 92706
    Call 714-795-3536

    Corona Bankruptcy
    1411 Rimpau Ave.
    Suite 108
    Corona, CA 92879
    Call 909-708-4597

    Moreno Valley Bankruptcy
    24490 Sunnymead Blvd.
    Suite 101
    Moreno Valley, CA 92553
    Call 951-579-4756

    Watsonville Bankruptcy
    444 Airport Blvd.
    Suite 109
    Watsonville, CA 95076
    Call 888-362-6529

    Oceanside Bankruptcy
    1930 S Coast Hwy
    Suite 206
    Oceanside, CA 92054
    Call 760-450-3333

    Chula Vista Bankruptcy
    333 H Street
    Suite 5000
    Chula Vista, CA 91910
    Call 619-500-6535

    Escondido Bankruptcy
    320 East 2nd Ave.
    Suite 108
    Escondido, CA 92025
    Call 760-746-4476

    La Mesa Bankruptcy
    4817 Palm Ave.
    Suite I
    La Mesa, CA 91942
    Call 619-462-362

    San Diego Bankruptcy
    185 West F St
    Suite 100
    San Diego, CA 92101
    Call 619-234-3626