eripapito asked:
My score is 578 and I have applied with Honda but because I have a Chapter 7 , alredy Discharged for 5 yrs now they didn’t want to refinance. I have $500 to $1000 downpayment. Do you know where I can apply and be approved?
My score is 578 and I have applied with Honda but because I have a Chapter 7 , alredy Discharged for 5 yrs now they didn’t want to refinance. I have $500 to $1000 downpayment. Do you know where I can apply and be approved?
If you think it’s a good idea to refinance an ATV then you need to re-think your financial philosophy. Getting a loan with bad credit, a chapter 7 and a score of 578 should be difficult, you don’t have the track record to be able to borrow money. Try seeking advice from people you know who haven’t been in financial trouble, and consider selling the ATV so you can get out from under the debt.
An ATV is considered a luxury item, and with a Credit Score of 578 you are going to find it hard to find a loan with a decent interest rate.
Now, are you talking about a new purchase or a re-finance. Because I am not sure why you would need a downpayment on a re-finance. If it is a re-finance why not just make a $1000 payment and reduce your current principal. If you are talking about a new loan you might need to rethink that until your credit improves just a bit. You will need to get into the 620 range at a minimum before a lot of banks will even consider a loan.
You have no right to ATV dear. Wait till your chapter 7 is a little bit forgotten by the bureaus – it will come so don’t be in a hurry to borrow any monies right now. Ok?