I recently filed Ch7.Will be discharged in about 60 days.I currently have a auto lease with 5 months remaining(reaffirmed).I have 6 consecutive years of on time car payments one from Ford credit and one from GMAC.Will this help when I go to get a car after the lease expires?
With a Chp 7 on your report it probably won't make much difference having the loans, etc...cause you'll still pay a much higher interest rate. It happened to me....my chp 7 was discharged 5/92...bought a car in 5/98 which caused me to have a 11% interest rate....one dealership actually wanted to charge me 18%!!!...I walked and went somewhere else...the best I could get was 11% thru a local bank. It probably will cause you to have a higher interest rate just cause of the chp 7 on your report. But as far as getting a car, sure you'll get one but the question is what price do you want to pay for it?
