Loan after bankruptcy
 

Is it possible to get financing after a Chapter 7 Bankruptcy?

Would depend on what ya wanna buy. A car loan yes immediately after you bk is over with. I don't know about boat loans however.

for a boat you will need to wait a few year's and build your credit back up and have a large down payment unless you go with a shark :)

mike

Absolutely, assuming a boat wasn't part of the BK. Join a credit union. Establish new credit. Might take a few years and you might pay a few points extra. Big banks and marine companies will not touch you with a 10' pole though.

People with good credit are having a hard time finding financing.

you have to finish first. Depending on what you wanted Im sure you could find it. I think you would have a hard time finding a bank to loan you 50k plus. Either way nobody big will touch you and I would prepare to have a nice interest rate of at least 10 or higher.

Not to be a dick but if you just got out of chapter 11, is buying a boat really in the cards?

Perfect for someone coming out of bankruptcy... check out the rates on the upper right
https://www.westernsky.com/

Pay back $62,453 for a $10,000 loan............Damn


WwW

Talk about being scalped!

You declared bankruptcy to get out of debt and get away from toxic assets.

Why the hell would you buy a depreciating asset aka a boat?


:daz: