Car Loans After Bankruptcy
Auto Source Finances Trustees’ can answer a number of questions people often ask relate to credit repair after bankruptcy: I filed for personal bankruptcy in Canada – for how long will it stay on my credit report? Can I somehow repair my credit after filing for bankruptcy? Is it possible to erase bad credit history? Your credit rating determines whether or not you will be able to get a loan in the future. A bad credit report might mean that you will not be able to get a car loan, mortgage, or debt consolidation loan. A bad mark on your credit report – such as filing bankruptcy – will (except in very special situations) remain on your credit record a maximum of six years. After that, the information is dropped from your record. Unless it’s a double bankruptcy which will then stay on your credit report for 12 years. Is credit repair after bankruptcy a possibility or you have to wait the six years to pass for the record to get cleaned? Unfortunately, you can’t [...]






