"I won't sugarcoat it," the finance manager said, flipping through Marcus’s file. "The bankruptcy is there. Your interest rate is going to be high—around 14%. But since you’ve stayed current on your rent and utility bills since the filing, we can get you behind the wheel."
Marcus did the math. The monthly payment was stiff, but manageable. He made a vow: he would use this high-interest loan as a tool. He would pay every installment early, proving to the banks that the "old Marcus" who overextended his credit cards was gone. can you buy a car if you file chapter 7
The common myth Marcus had heard was that he’d be "blacklisted" from big purchases for seven years. He spent his evening hunched over a laptop, searching for the truth. He discovered that while his credit score had taken a dive, the Chapter 7 filing actually made him a cleaner candidate in some eyes—he had no other debts competing for his income, and he couldn’t file for Chapter 7 again for several years. "I won't sugarcoat it," the finance manager said,