Car Loan With Discharged Bankruptcy
You shouldn’t be cut off from car finance if your bankruptcy has ended. We partner with suitable lenders who can give you a second chance.
You shouldn’t be cut off from car finance if your bankruptcy has ended. We partner with suitable lenders who can give you a second chance.
When your bankruptcy ends and you’re looking for a second chance at credit approval, it can be hard to know where to turn. That’s where we come in. We can help remove the roadblocks ex-bankrupts sometimes hit when applying for car loans.
Our skilled consultants can connect you with a suitable lender willing to give you another shot at car finance. We specialise in rapid application turnarounds and securing fast approvals, so you can apply today to get behind the wheel before you know it.
Throughout more than a decade, we’ve helped a wide range of customers with bad credit get the keys to a new car.
We find you the best deal to suit your circumstances by partnering with a panel of understanding lenders who can work with ex-bankrupts.
Our fully online application process means you can apply from your computer or smartphone, anywhere in Australia.
Borrowing the full value of your car, including any on-road costs such as registration in some cases, means you don’t have to pay a hefty deposit.
Buying a new or used car up to 20 years old from a private seller or a dealership expands your choices when shopping for a vehicle.
You won’t incur fees or charges for making additional payments on your car loan.
If you’ve been employed casually with a company for more than three months, you can apply.
Having between one and five years to repay lets you make your loan terms as long or as short as you need.
If you’re a single mother or an aged pensioner, your fixed government benefits can be factored in as income.
Click ‘apply now’ to get a quote before starting your full application. If you’re just after an estimate, a consultant will call to discuss your options.
When you decide to apply, your consultant will use our state-of-the-art technology to match you with a suitable specialist lender.
With your lender locked in, your consultant can prepare your application. They’ll need you to supply your supporting documents to do this.
Your consultant will email you a loan agreement to sign after getting approved. Return it and your funds can be released to buy your car.
Everyone’s financial track record is different, and sometimes you won’t always make the right turns. It’s important to understand some of the ways a debt agreement or bankruptcy can impact your ability to apply, which you can find out right here:
Paying a deposit can reduce the size of your repayments and save you money on interest. It can also increase your borrowing power and demonstrate to a lender that you have a stable saving track record.
Lenders will be more likely to approve your credit application if you’re carrying less debt. Clearing unpaid defaults and overdue debt will not only improve the health of your credit rating but bring you closer to the driver’s seat of your new car.
Staying at a job for a good length of time demonstrates to a lender you have some certainty over your income. Similarly, sticking out your probation period will also boost your approval chances.
You can technically apply for a loan the day after you’re discharged. It’s a good idea to allow a few years between being discharged and vying for more credit as you can start rebuilding your credit history in other ways, such as paying bills on time.