How to Avoid These Costly Mistakes: 3 Steps For the Best Bankruptcy Car Loan in Littleton
I was worried about getting a bankruptcy car loan.
Fear was running my life…
I just lost everything in bankruptcy.
All that I had worked so hard for… was gone.
I needed a car.
And I was scared and afraid that I couldn’t get approved for a bankruptcy car loan in Littleton or anywhere else.
To be perfectly honest…
I would have done anything and signed whatever I needed to sign to get approved.
I’m sure you’ll agree that when you’re down and out, feeling like the biggest failure in the world… you don’t think straight.
Even more…
I had no idea how to go about getting a bankruptcy car loan back then.
However in this article, I’ll share some tips and strategies that can help you get the financing and car you need.
Without all the pain and frustration.
You’ll have a new understanding of how to get a bankruptcy car loan, a plan, and a strategy to turn your life around.
For that reason let’s look at…
The Top Three Biggest Mistakes I Made and That Most Other People Make Too When Looking For a Bankruptcy Auto Loan
But here’s the thing…
I had no idea what to expect or how I would be treated at the dealership.
For the first time, it dawns on you…
1) I had no plan or strategy when I walked into the dealership.
In fact…
I know how difficult it is to walk into a dealership knowing you have bad credit and have to let the salesperson see it.
I was vulnerable and at the mercy of the salesperson.
Be that as it may…
Now, remember that car dealers aren’t necessarily bad people or evil.
However, the salesperson will pretend to be your friend and be on your side, fighting against the dealership manager in the tower or back room.
In general…
The salespeople work for the dealership and they are paid to get you to say ‘yes’ today.
At this point…
They are just doing their job… which is to sell you a car today on their terms.
Not your terms.
Even more…
They didn’t have my best interest in mind.
2) My emotions were running my decision-making abilities.
I remember it like it was just yesterday.
As I slowly pulled into the driveway…
It hit me like a ton of bricks…
The hidden truth was… the more I looked at her, the more I wanted to take her home.
She was breathtakingly beautiful… she was every young man’s dream.
And she was so hot.
She captured my heart, and I knew she would make me happy.
All my logic went right out the window, and I made decisions based on desires, not needs.
Of course, I’m talking about that little red Mustang sports car in front of the lot.
I came to my senses and realized that she wasn’t the right one for me.
We did get together later in life after I turned my finances around.
3) Don’t believe everything you hear about bad credit and bankruptcy.
In the first place…
Beware of all the advice from friends, car dealerships, or family members.
They’re usually wrong and one-sided.
I heard things like…
-
- You’ll never be able to own anything again.
- Only losers and quitters file bankruptcy.
- Everyone in the world will know you filed bankruptcy.
I’m sure you can imagine how hearing things like that would make you feel.
Going through bankruptcy can be hard and tough to deal with emotionally.
At this point you want to surround yourself with positive people who support you and believe in you.
Dreams Do Come True After Bankruptcy!
With this purpose in mind let’s look at…
How to Buy a Car With Bad Credit in Littleton in 3 Easy Steps!
Now that you know what you don’t want to do, let’s talk about what you can do instead to help rebuild your credit score and get the car you need.
Whether you have a bankruptcy, no credit, or bad credit… we can help.
We offer many great options for a bankruptcy car loan and financing with bad credit or no credit.
However, when you have bad credit, getting approved for a loan can be challenging because the lender will review your entire financial history.
Buying a car with bad credit is possible if you follow these tips.
1) Set goals for yourself and create a plan.
Remember to keep your goals simple so they are doable and don’t overwhelm you.
Depending on where you are financially right now makes a difference as to what goals to work on first.
If you need a car, then start with these goals first…
Repair Your Credit With a New Bankruptcy Car Loan – Goals
Buying a car is one of the best things you can do to rebuild your credit.
Begin with the following goals…
-
- Affordability: How much can you afford… for a monthly payment, including maintenance and insurance. Remember, you don’t necessarily want to spend how much you get approved for a car. Stay within your budget so it’s easy to make the payments.
- Downpayment: How much money do you have for a downpayment? The more you can put down, the better your chances are of getting your loan approved.
- Remember: You’re buying a cheaper car right now so you can help rebuild your credit.
- Your vehicle goals: Ensure the vehicle fits your transportation needs and budget… not your ego.
- Check your credit reports: Make sure your credit reports are up-to-date. If there are errors on your report, contact the credit bureau and get them removed.
- Fixed rate of interest: Get a fixed rate of interest and nothing that is adjustable.
- Avoid: The “buy here, pay here” dealers. They may sound like a good deal… but they never are. You’ll always pay more at these places.
- Do a 60 month term: Don’t finance any longer than five years because you’ll pay more interest. Yes, you can lower your monthly payment with a longer term, but it isn’t worth it because of the interest you pay.
- Refinance: After making your payments on time, refinance after a year and get a better rate and terms.
Don’t buy a car where it’s a struggle for you to make the monthly payment.
Work with a reputable dealer like JFR & Associates. We can help you get the car you need without all the stress and hassle.
We listen to you to find the perfect vehicle that meets your needs and budget. Plus we’ll get you the best bankruptcy car loan available.
Let us help you get your car.
Above all let’s…
Begin Improving Your Credit Score – Goals
When you’re ready to begin rebuilding your credit, here are some ideas for goals you can start with.
For example…
-
- Secured credit cards: Get a secured credit card. You pay for this card upfront, which can help build your credit when making the payments on time. Only use about 30% of your credit. This shows that you are using your card responsibly.
- Get a car loan: Making payments on time for your car can boost your credit score substantially.
- Raise your FICO score: Raising your score to over 600 is a good goal to start with.
- Do everything… we’re talking about in this list.
- On time payments: Make all your payments on time because this is one of the most important things you can do to raise your credit score faster.
- Pay your debt off: Pay off any revolving debt that you may have. Catch up on any overdue bills you may have.
- Downpayment: Save for a down payment on a car.
This list will give you some idea of where to begin.
But, of course, you can always add to this list anytime.
2) Take your emotions out of the equation
Remember, when you go looking for a car, leave your ego at home with your emotions.
Make a list of what you need for transportation and be practical.
When you listen to your ego, and your emotions are out of control, you’ll find yourself right back in debt like you were before you ended up in bankruptcy.
Don’t give in to your ego.
Stay with your goals of knowing what you can afford to pay monthly that won’t be a burden.
In the long run…
You can always get your red sports car after you rebuild your credit.
3) Don’t believe what others tell you about bad credit or bankruptcy
Unless someone has gone through what you have, they have no idea about how you are feeling or how emotional the bankruptcy process is.
People tend to focus on the negative things in life and that’s what they would share with me.
Here are some of the myths and negativity I was told about bankruptcy:
- You’ll lose everything you have.
- Everyone will know that you filed bankruptcy.
- You’ll never get any credit again.
- Creditors will still harass you and your family even if you file bankruptcy.
- You can’t ever own anything again in your life.
- Bankruptcy is difficult.
- Only deadbeats file bankruptcy.
- Bankruptcy discharges all debt.
- If you file bankruptcy, it may lead to more family troubles and even divorce.
- Filing will hurt your credit for 10 years or more.
None of the above are true.
In the final analysis…
Don’t listen to the negative people around you.
Surround yourself with positive people who believe in you and support you.
With this in mind…
We know what it’s like to go through bankruptcy and lose everything you worked so hard for.
That’s why we support you and believe in you.
And that’s not all…
We’ve helped people like you get a car they so desperately needed to help rebuild their lives.
Don’t Feel Bad About Your Bankruptcy or Financial Problems
Stop beating yourself up or feeling depressed over your finances.
Instead, take a deep breath and relax…
You are not alone.
Below is a list of some of the famous people who have filed for bankruptcy or have had severe financial problems in their life.
Here’s the thing…
There is light at the end of the tunnel.
Most importantly…
Some of these people had their greatest successes after they had filed for bankruptcy.
-
- Willie Nelson
- Walt Disney
- John Wayne
- Cyndi Lauper
- Dave Ramsey
- Donald Trump
- Stan Lee
- Michael Jackson
- Mark twain
-
- Abraham Lincoln
- Tammy Wynette
- MC Hammer
- Harry S Truman
- Gary Coleman
- P.T. Barnum
- Henry Ford
- Jerry Lee Lewis
- Debbie Reynolds
How Long Does it Take to Rebuild Your Credit?
It depends on your circumstances and situation.
Remember rebuilding your credit does take time.
It’s not an easy, quick-fix process.
While this may be true…
There is good news.
The negative factors on your credit report don’t last forever.
However, many of them will lessen as you begin practicing new positive habits for managing your money.
Bad Credit Auto Financing at Its Finest
Our consultants work with borrowers with poor credit scores. First, we find out your needs and budget and then go to work for you.
Our well-respected team at JFR & Associates works with the lenders to get you the best rate.
We also offer a wide range of terms and flexible loan amounts.
When you choose to work with us, you are ahead of the car-buying game.
You don’t need to drive all over town going from dealer to dealer, hoping to get the best deal.
Our auto consultants shops for you.
Because we know bad credit car loans are expensive, and getting you the best deal in town is imperative.
We represent you and work to help you achieve your dreams and goals.
We Offer the Best Littleton Auto Loans Possible
Regarding auto loans in Littleton, we have you covered with over 20 years of experience serving the Littleton, Colorado, area.
Our team has built a relationship with the top lenders in Colorado, so you can always get the best terms and rates.
We offer all types of loans no matter where you are on the FICO auto chart.
-
- Excellent Credit (800-850)
- Very Good: (740-799)
- Good: (670-739)
- Fair: (580-669)
- Poor: (300-579)
Don’t worry…
We also have lenders to meet the following types of loans.
-
- Refinance
- Excellent credit
- Fair credit
- Poor credit
- Bankruptcy
- Repossession
- Bad credit
- No credit
All you need to do is contact us and tell us what you want to achieve.
So then you can sit back and relax while we go to work for you.
As you can see we have you covered from start to finish. We can meet your needs and get you the vehicle you want.
No Stress or Hassle. No High-Pressure Sales.
As I have noted…
You can always count on us:
-
- Best Littleton car financing options.
- Quick decisions on your auto loans.
- Car loans with low down payments.
We look forward to hearing from you.
Now You Can Have a Simple Auto Loan Program for Easy and Fast Car Loans in Littleton
At this instant…
So what’s going on?
Let’s be honest…
Think about it this way…
If you need a vehicle, no matter what your credit score – we can help.
What it all boils down to is you don’t have to do this alone.
It’s easier than you might think when you have someone on your team that cares about you and works for you and has your best interest at heart.
Here’s the point…
Once you work with us, you’ll never be sorry you decided to call.
On the other hand…
You’re probably wondering how you fit in the picture and if this is right for you.
To begin with…
We have you covered with an invitation to use our service to get your next vehicle.
Here’s the most crucial part…
We can’t help you get your vehicle until you contact us.
So stay with me…
As much as we want to help you reach your goals and dreams…
We can’t do it without you getting in touch with us first.
Here’s a better solution:
Give us a call at 720-266-4941 or send an email and we’ll get back to you to schedule a time to get to know you and your goals.
P.S. After reading this article, you have valuable knowledge to help you get your car.
Remember, we can do it easier and faster than if you did it alone.
You can use our years of experience to get the best deal on your next vehicle.
We do this every day… day in and day out.
Let’s get this show on the road…
And get you in the driver’s seat.
Contact us at 720-266-4941.