Bankrupcty Auto Financing, Inc. Fundingway.com, BAF.com, bankruptyautofinancing.com; Auto Credit Express Bait and Switch Internet

I could understand getting an auto loan under Chapter 13 (difficult, but not impossible), but not under Chapter 7. I agree with other reviewers, it is not the prudent thing to do.  Chapter 7 is liquidation, meaning, "I am not able to pay my bills so I am willing to surrender my non-exempt assets to satisfy my creditors."  I've had a Chapter 7, and it is a last resort, not an instant solution.  For what it's worth, I would suggest gathering $1,000 to $2,000 and just buying a good-running car without payments.  The whole point of Chapter 7 is to get a fresh start, and during the time that it is open, about 6 months total, there should be no need for additional credit.  Chapter 13 is a wage-earner plan, meaning creditors will (usually) get something back.  Chapter 7 discharges eligible debts, and is final.  It also implies, "don't loan me any money for at least three to seven years."

Otherwise, what happens is a repeat cycle of increased debt load not congruent with income, which also means the creditors will have to charge off the discharged debt, which means they lose money, which affects their employees, e.g., bankruptcy affects us all.  It's a symbiont circle.  Once you get a fresh start, you should not make the same mistakes again!  I cannot believe your attorney or whoever your counselor is would recommend trying to get an auto loan so close to a Chapter 7. Not good advice.

     This is the mindset of allot of these types. Cant pay the bills they have, go deep into debt, have about 50 kids and then go Bankrupt. Beat everyone out of whats owed and can actually justify it! Then do it again. Only this is a new twist! Attempting to get credit while still in Bankruptcy! I love the part where they had to tell their kids why they weren't driving home in a new car! Well just tell your kids your both deadbeats and cheat people out of money! And the bad sales manager didn't want to get cheated by you! They will understand, They probably already know it. 

You have a PENDING bankruptcy, chapter 7, and you're attempting to open NEW CREDIT????  And for $23000 no less!!!  Astounding!!!

Did you inform the court appointed trustee of this?  As part of any bankruptcy proceeding that is PENDING you are REQUIRED to have the court's PERMISSION before establishing any NEW CREDIT!

What did your attorney (who is representing you during your bankruptcy) say about this?

Also, you are required to take mandatory consumer credit counseling as part of the bankruptcy proceedings.  WHO was the certified couselor that advised you to do this?

Unbelievable!

You will have a discharged Bankruptcy.

Forget any dealer or bank that says you are approved for 0 down...it will not happen.  Even if you drive off the lot thinking it is 0 down, they probably will do what is known as a "Spot Delivery" and will be calling you back in a few days telling you that they need money or are putting you in different terms.  If you can get out with a downpayment in the 10-20% range be glad.  If you get one for less than 10% down consider yourself very lucky.

Also seriously forget about a 23,000 car right now.  The interest rate you will be approved for is going to be anywhere from the mid to high teens, and may even hit the 20% range.  Depending on the downpayment and length of the loan this would put your payments in the $450-$700(+) range per month.

If your goal to get the car was to strictly rebuild your credit.  Start with Credit Cards that you pay off every month.  The biggest damage is the first 24 months after the bankruptcy.  So if you can wait until after that to get the car, and build your credit other ways until then, you will get much more favorable terms.

When dealing with a dealer NEVER take your kids..they are just too much of a distraction.  Leave them with a babysitter or relative while you go to the dealer.

You are in bankruptcy, so every one has to pay for what you didn't.

AND, you have the nerve to complain that a company didn't give you a $23,000 loan for a new car?  Really?