I already wrote that just a few days ago I already received a credit card offer. Well add another offer – for an auto loan. Yes, I am in bankruptcy, they know that, yet I could get a car loan for $7500 to $35,000!I wonder what the interest rate is? 20%? Well it would be a secured loan, they could repossess the vehicle if I defaulted, and I cannot declare bankruptcy for eight more years.
I actually could use a new car, my convertible leaks, has bald tires, needs A/C fixed, etc., etc. But I think I will pass on getting into credit trouble for now. I will try to save some money for either fixing the old ’95 LeBaron, or getting a newer (used) car for cash at some point in the future.
You visited a few times and I would appreciate your thoughts on this post, why not comment?
I had the same experience back when I declared bankruptcy—received tons of shady auto loan and credit offers in the mail. It’s like a bunch of vultures circling weak prey or something.
My advice is definitely to shred all of those offers and focus on a debt-free future. Then again, I still have a long way to go, financewise, as I shared on my blog
. Best of luck to you and your wife—things will be okay!