Get an Auto Loan Today
Is it possible to get an auto loan with past bankruptcy? Obtaining an auto loan can be a pretty easy process even if you have past bankruptcy.5 Let Max Cash® show you the ropes!
How to get an Auto Loan through Max Cash
Unlike other loan representatives, Max Cash’s services are simple and easy. Other lenders may require long, drawn-out processes full of tedious paperwork. But Max Cash’s auto loan process is a super-simple 4-step process that requires very little effort on your part. That process is known as the auto loan financial referral service. Let’s walk through the process together, step-by-step.
- Inquiry Page- Max Cash has a handy inquiry page that acts as your launchpad, located A fillable form will be available, asking for information we’ll need in order to potentially provide you with a loan. This information includes your desired vehicle’s details (make, model, year, mileage, etc.), your state and zip code, a monthly income estimate, as well as your email and phone number.
- Finding a Lender- Max Cash will be doing all the work from here on out. That’s right, you won’t have to do anything! Max Cash will be doing all the legwork, presenting your relevant information (monthly income and vehicle information) to lenders and recording their responses. Their huge list of partnered lenders covers most of the U.S., and they serve people of all credit levels, including those with past bankruptcy.
- Negotiation- Once Max Cash has identified lenders interested in working with you, they’ll start haggling. Max Cash will fight for better terms on your behalf.4 Once we’re done, we compare offers and present the most compatible ones to you. After looking over them, you could decide to proceed with a loan. If so, then you will finish the process directly with the lender.
- Receiving Funding –Once you complete the loan process with the lender, you could pick up your funds. This usually takes one of three forms. One will be that you simply receive a letter in the mail containing a check for your money, which you can deposit. You could deposit the funds directly into your bank account. Or you could pick up the funds in person at the lender’s physical location. Regardless of how you receive the money, you’ll have obtained the funds necessary to make the car purchase.
Some Extra Tips if You’ve Experienced Past Bankruptcy
If you’ve gone bankrupt in the past, you might want to take a few extra precautions and follow a few additional tips and tricks to smoothen out the loan process. Bankruptcy isn’t the end of the world, and people have salvaged themselves from past bankruptcy before. With our help, you can get out of this situation too.
- Check your credit report before making any decisions about an auto loan. Errors occur on 1 out of every 10 credit reports, and often those errors are damaging ones. Calling out these errors and getting them rectified can help improve your score and get you a better deal in the future.
- Be extra stringent with your budget. If you’ve gone bankrupt in the past, it’s probably not a good idea to get a top-of-the-line vehicle. Everyone wants a fancy car, but often it’s best to stick with something a bit more reasonable, like a used vehicle. This is especially true if you’re in a bit of an iffy situation financially.
- Be understanding of higher interest rates and shorter terms. When you’re a prior bankruptcy victim, many lenders will see you as a riskier borrower. While this isn’t always a fair assessment, it’s a common one that you should be prepared for. Be smart when you’re bartering and negotiating. Getting preapproved via certain financial institutions can give you a good idea of a ballpark that you can aim for.
Is it possible to get an auto loan with past bankruptcy? Keeping these tips and the auto loan financial referral service in mind, you’ll be able to get yourself a loan in no time. And hey, getting an auto loan and properly paying it off over time is a great way to start rebuilding your credit score from the ground up. Together with Max Cash, you’ll be able to get yourself back on your feet again in no time.
