You recently made it through a bankruptcy, which wasn't much fun. You're a little worried, though. Your car seems to be on its last legs, and you can see no way to keep from having to buy another one, if you want transportation! You can't help but wonder if your credit history from the last few years will stop you from being able to get a car loan.

You're worrying needlessly! It is very possible for you to get a car loan after bankruptcy! You will need to inquire about a loan that is called a bad credit car loan. Be aware that you may have to pay slightly more interest on this loan than your friend did on his car loan because of your credit and bankruptcy, for more details visit to www.101-save-money.com but you will be able to succeed in getting your car loan. Credit doesn't really matter with a bad credit car loan. People with good, bad, or no credit at all are able to take advantage of them.

If you've ever known someone who, amazingly enough, was able to do out just a few days after their bankruptcy was final and obtain a car loan, you can bet that a bad credit car loan was the type that they got. They may have had no choice, especially if they lost the car they were driving prior in the bankruptcy proceedings.

So, what you need to do to get started is to start looking for a lender whose specialty is bad credit auto loans. You'll find that they are not at all concerned by the fact that you have a bankruptcy on your credit record. They work with people who are in the same position as you, as well as those who have had a foreclosure on their mortgage, had their car repossessed, have a low credit score, for more details visit to www.82-money-pocket.com or anything else that might keep the bank or credit unit from giving them a car loan.

The lenders have a special name. They are called subprime lenders, which mean they charge a higher interest rate than what you would find at the bank - a "conventional" lender. Some people think this is wrong, while others are just glad to have this option available when they have bad credit and need a car.

Be aware that there are times when your credit score could be TOO low for a sub prime lender to work with you. If this is the case, about all you can do is do everything possible to improve your credit so that your score will improve. Since you've been through a bankruptcy, you don't have as many options for doing this. The only thing someone in your position can do is get a new credit card and start out on the right foot by paying the bill on time every month, in full if possible.

How do you get a new credit card after bankruptcy? Simple. You take out what is known as a "secured" credit card. Banks have these cards, and what you must do is place a certain amount of money in a special account. This amount is based on what you want the limit on your credit card to be. A small fee is usually involved with this kind of card.

It can take some time to get your credit built up after bankruptcy. Some say it can be as long as two years before everything looks good again. But, two years is not that long. If you had to wait until your bankruptcy could be cleared from your credit record, you would be waiting for 7 years! So, if need be, work on your credit score, and you will be driving that new car in no time!