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Question: If I file a consumer proposal what is the quickest way to rebuild my credit? Should I save up for a secured credit card or just pay off the proposal as fast as possible first? Also, during a consumer proposal, is it possible to get a loan for a car?
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Taking out a car loan after Chapter 7 bankruptcy is possible with time, and following a few key steps may even speed up the process.
Re: Auto loan after chapter 7 Usually the bank will only come after the car if you are behind with your carpayments. If you have filed bankruptcy and are current with the payment I don’t see the bank doing a repo on the vehicle.
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