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Help with Your Bankruptcy Auto Loans in Coral Hills

March 23, 2018  

bankruptcy auto loans in Coral Hills

CarSmart Now is here to help those dealing with bankruptcy auto loans in Coral Hills, and the steps you will need to take to get a vehicle loan.  These steps depend on the type of paperwork that needs to be done and meetings that may need to take place, will differ depending on the type of bankruptcy.  It is nice you can get help from all parties involved.

For Chapter 7 bankruptcies, the time duration is only open for up to four months which can make the process faster for some.  It also helps to go faster if you have already had your 341 meeting.  That allows creditors that are listed in your bankruptcy papers to talk to you about your debts.  This can lower your debt to income rate, which is part of what determines your credit rating.

With a Chapter 13 bankruptcy, things are different.  You will have a court trustee that will help you set up payment plans.  you will need to bring up the reasons why you need the automobile to the court and they may make the motion.  Since this is a motion to incur more debt, it is likely that it will have to be an added stipulation in your contract through the court.

In both cases it is important to limit your costs so that you will be able to meet your obligations.

CarSmart Now can help you with your bankruptcy auto loans in Coral Hills; just call us at (888)292-8115 to learn more.  If you are recovering from a challenging financial situation, and need reliable transportation, we are confident that we can help you find the right car to help you through these troubling times. Making regular payments to Carsmart on your vehicle loan will help rebuild your credit.

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