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Is it better to buy a car with a horrible credit history or wait until a bankruptcy is discharged?In: Car Buying |
Answer
Wait until the bankruptcy is discharged.
Answer
Dear Lord, yes, wait until the debt is discharged! Otherwise you will get stuck with horrendous interest rates which, even if you can afford the resulting inflated monthly payments, will take forever to build any positive equity in the vehicle. And remember that a discharged debt is not the same as a charged-off debt...you will still owe a charged-off debt.
First answer by Jim Carty. Last edit by ID419080926. Question popularity: 28 [recommend question]
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