There has been a lot of talk about Chicago possibly going the way of Detroit and declaring bankruptcy as a city. And while it looks like this is not going to happen, many residents of Chicago and the surrounding suburbs are dealing with a personal filing.

According to our data at Drivers Lane, numbers for both Chapter 7 and Chapter 13 bankruptcy filings have dropped in recent years. However, just from our applicants, there were 8,123 people in the Windy City area who reported a Chapter 7 bankruptcy filing in 2015.

Bankruptcy and Your Credit

Bankruptcy Court

It is true that completing a Chapter 7 bankruptcy can give you a fresh financial start, but it will also leave you with a significantly lower credit score. So, if you need to buy a car after emerging from a bankruptcy, you may be worried about getting approved for an auto loan.

This is where Drivers Lane can help. We are connected to a nationwide network of top-rated dealers who are qualified to work with all types of credit situations. And whether you live in Aurora, Elgin, Joliet or call Chicago Southland home, we can match you with a local dealership.

When You Need a Car Now

The city of Chicago is known for being very walkable, but if you live in a "Chicagoland" suburb and commute into the city for work or school, it may be necessary to own a vehicle. Also, there is plenty to see and do in Illinois. You may decide that you want to visit the beautiful Shawnee National Forest in Harrisburg or take a fun vacation at the Key Lime Cove Indoor Water Park Resort in Gurnee. Maybe you want to see for yourself what the big deal is about Route 66.

You don't have to miss out on adventures or daily activities anymore. Maybe you needed a car before going into your Chapter 7 bankruptcy, and discovered that you had to wait several months for your discharge before realistically being able to purchase a vehicle. If this is the case, then you may REALLY need a car now. We understand this, so we have made our process as quick and easy as possible.

The Best Option for Finding Financing

When it comes to help with finding the right car dealer, we want to be the first choice for the Second City. If you live in or around The City That Works, we can work for you. For almost 20 years, Drivers Lane has been providing car buying assistance to Chicagoans, and we can simplify your purchase with one quick application.

And when you work with us, you won't have to worry about having to choose between a bad car and a worse car. Living in the Chicago area, you need a reliable vehicle that can take you through those rough winters and into the blissful summer months, year after year. Our dealer affiliates maintain large inventories of excellent new cars and well-maintained used vehicles that won't break your budget.

Get Back on the LSD

If you are from anywhere in Chicagoland, you know what we mean. LSD, or Lake Shore Drive, is the handy road that goes along the lake and can take you from one end of the city to the other. You can get back on this road and all of the other ones faster than you think when you contact Drivers Lane. And after you buy your car, possibly with little or no money down, you will have the opportunity to build back your credit with every timely payment you make. Just like the Cubs, your credit doesn't have to be forever cursed.

Just fill out our fast and secure online application to get started today.