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Ex-Bank Financial Advisor Says You Can Get Low-Interest Car Loans After Bankruptcy
Brandon Q. Barr, a former financial services consultant challenges anyone who is looking to get low-interest auto loans after bankruptcy, this year, to do things a little differently, if they want to get approved.
"Most people after being discharged from bankruptcy find it difficult to get low-interest loans from lenders, not because they do not want want the loans bad enough, but because they simply do not have a solid plan that takes care of the basics," says Barr, owner of online personal financial adviser Lending And Credit, website (http://www.LendingAndCredit.net)
Founded in 2011, Lending And Credit gives personal finance advise on a wide range of financial topics covering bankruptcy, credit cards, loans as well as street smart tips on building an excellent credit rating. The advice is in the form of short and concise videos and articles. He believes that these are easy to digest and allows people to take action to put their financial life back on track after being discharged from bankruptcy.
"What it takes to get your credit rating back to excellent status where you can get low-interest loans is a solid strategy that is truly effective in turning your dreams into reality".
Barr proposes rebuilding your credit rating a part of the New Year's resolutions you make and by having and following a strategic plan. "As you look forward to so many things and what you are going to accomplish this year, make certain you incorporate a credit rebuilding plan as part of a complete life plan for the year," he says. "Do not get side-tracked by every offer you see in the papers or in the mail. Just follow the plan you have put in place to repair your credit and by December 31, 2103, you'll have every reason to say that it's been a really great year for you."
Barr offers 4 tips to help those who have been discharged from bankruptcy and are looking to get a new car with low-interest rate to get approved. This is what Lending And Credit actually specializes in. Here are the tips he gave:
1. Know what's on your credit report after bankruptcy. "Get a copy of your report from the reference bureaus and clean it up if there are any errors. This alone can improve your credit score dramatically"
2. Establish how much loan you want to borrow for your car. "This will also help you determine how much money you can pay every month as part of the repayment process".
3. Using services like E-Loan. "Let lenders know about your bankruptcy situation and exactly the positive steps you are taking to rebuild your credit", he says.
4. Make your selection. "When you contact services like e-Loan, you will get a lot of offers with different interest rates. Choose the one with the lowest interest rate."
So if you are here and this year you have been discharged from bankruptcy but you want to get a low-interest auto loan, follow what Brandon Barr says ans see how it will work out for you. Find more information from his website at http://www.LendingAndCredit.net