Nashville Bankruptcy Experts, Clark & Washington, Discuss Buying a Car After Bankruptcy

    NASHVILLE, TN, October 09, 2013 /24-7PressRelease/ -- People often assume that it is difficult or impossible to purchase a car after filing for bankruptcy. However, the Nashville bankruptcy attorneys at Clark & Washington have found that you can still buy a car after bankruptcy.

One great way to buy a car after bankruptcy is to save up enough cash to purchase it outright. You can make this process easier by picking a less expensive, used car, and saving by paying "car payments" into a savings account until you have the full amount. The Nashville bankruptcy lawyers at Clark & Washington note that paying for your car upfront with cash also helps you to avoid paying interest on it, meaning you pay less overall.

If you must get a loan to purchase a car after your Nashville bankruptcy, pick an inexpensive car. Your loan will probably come with high interest rates, so you do not want to get in over your head by buying the newest and most expensive model. Instead, stick to something reasonable that will transport you to and from without needing major maintenance.

If you have time, try to build up your credit a bit before seeking out a car loan. Once you receive your loan, continue to build your credit score by paying each loan payment on time. Clark & Washington's bankruptcy attorneys in Nashville recommend that you refinance your car after 6 to 12 months, when your credit rating has improved. This can cut down on your interest rate and reduce your payments.

Learn more at http://www.bankruptcyattorneynashville.com.

About Clark & Washington:

Established in 1983, Clark & Washington is now one of the leading bankruptcy filers in the Southeast. They have locations in Georgia, Florida and Tennessee. Clark & Washington specializes in personal chapter 7 and chapter 13 bankruptcy. They
offer honest, helpful legal advice to those experiencing financial hardships.

For more information, visit http://www.bankruptcyattorneynashville.com.

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