When you need a car loan, but bad credit is starring you down, don't panic, people of Johnson City. Go with a trusted leader that's been helping people with bad credit for nearly 15 years. Here at Drivers Lane, we work with a nationwide network of special finance dealers and we can help you find auto financing in or near Johnson City. Just fill out our free auto loan request form online to get started now!
Bankruptcy can be hard to deal with in any stage of your life, but especially if you're dealing with bad credit. If you live in or around Johnson City and have just completed a bankruptcy, we can help you find the dealer you need to get financed.
To finance after your bankruptcy, you have to receive your letter of discharge from the court. If your bankruptcy was dismissed, rather than discharged, it means you weren't able to complete your bankruptcy, and it'll be very difficult to get a vehicle, even with bad credit auto financing in Johnson City. If you're like most people who've had to go through bankruptcy, you either filed a Chapter 7 or Chapter 13 bankruptcy.
Chapter 7 is a relatively short process, typically lasting only three to six months. During this time, your trustee oversees the liquidation of your assets, and uses the profit to repay what debts you owe. When you're successfully discharged from this bankruptcy, any remaining debts are wiped out. This gives you a clean slate to start responsibly building your credit on, and a car loan can be a great way to do that.
Chapter 13 bankruptcies are longer, lasting either three or five years. This process allows you to follow a repayment plan with your debtors, with the same result of a clean slate if you're discharged. Because this process lasts so long, there are a number of reasons that may lead to needing a vehicle while you're bankruptcy is open. Not to worry, people of Johnson City. At Drivers Lane, we know where to go for bankruptcy financing. Just fill out our car loan request form to get connected with a dealer in the Johnson City area who has the lending resources you need.