Q. Can I purchase a car while in bankruptcy?

A. Yes, in a Chapter 7 after your meeting of creditors or in a chapter 13 after your plan has been confirmed which usually happens 6 months after you file.

Q. What are the basic qualifications to obtain financing?

A. The basic qualifications to obtain financing include the following:
You must have a valid driver’s license.
You must be at least 18 years old.
You must be currently employed or have a verifiable source of income.
Your gross income (before taxes) should be at least $2,000.00.

*Some exceptions may be applied on a case-to-case basis, depending on lender qualifications.

Q. What rates should I expect?

A. Your rate depends on several factors; your income, down payment, loan amount, car history, loan payment period and several other factors. We will help you get the best rate possible based on your previous credit history.

Q. Are your loans available for new or used cars?

A. Our loans are typically available for used cars, but if you have a steady income and are willing to pay slightly higher car payments we are able to apply for new car financing. Rebates and cash down will help with these loans.

Q. What are my approval chances if I have a low credit score?

A. We have a 99% approval rate average.

Q. Do I need a cosigner?

A. No; however, a co-signer with established credit will help lessen the risk and help obtain a lower rate. Please keep in mind that both good credit and bad credit is still based on the buyer’s previous credit history and will affect the terms of the loan accordingly.

Q. What is the best approach for customers with less than favorable credit?

With all of the above in mind, the best way to approach a car loan with any provider is to act with honesty, transparency and good faith. What's Up Credit works closely with all of our clients to ensure that they receive the vehicle they want and deserve, at a price that is most economical to our customers.

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