After Bankruptcy loan question, I need help.

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Q. Had my bankruptcy discharged a couple of months ago. Things are going very well since then. My new job pays me an average of $1000+ a week and I have no dependants. I want to start rebuilding my credit and as it happens I very much need to replace my car. I want to buy a decent used car in the $10,000 - $15,000 range but I DO NOT want to go through a dealer. I would much rather buy through a private party. However, with my "colored" credit history, what kinds of loan institutions are most apt to help me out? Should I try my local bank? A credit Union? Are there independant auto loan outfits that will write a check directly to me instead of forcing me to go through some "approved dealer" list? Also, obviously I would want the lender to make monthly reports to the credit rating agencies showing my timely payments (which I will make with a secured CC which I will also pay off in a timely manner) so that combined, those 2 things will hopefully raise my score as rapidly as possible allowing me to refinance my loan for a better rate after a year or so. Should I assume my showing 4 months worth of $1000 a week paystubs from my employer will help me?

A. your credit score is not likely high enough to get a private party loan from anyone. You are likely to HAVE to go to a dealer at this point, because dealers usually end up fixing the cars before they sell them to you. I dont think anyone will give you a private party auto loan unless your score is above 540 or so, and probably wont find many until you at 560 or 580.

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