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2. Buy Here Pay Here (BHPH) financing means that you arrange a loan and make payments on it at the dealership. A secured credit card can also help with fixing bad credit after bankruptcy. It will take ten years for a bankruptcy statement to come off of your credit report. Available cars, available credit Without a doubt, the most important benefit of BHPH financing is that it gives credit-challenged people the opportunity to get much-needed transportation. Instead of making monthly payments to a traditional lender, you make weekly or bi-weekly payments at the dealership. The Internet doesn't provide much more clarity. The key difference between a traditional dealership and one that strictly specializes in BHPH financing lies in the shopping experience. Updates will need to be made after your bankruptcy, so you should send information on your discharge to Equifax, Trans Union and Experian, the main credit reporting groups. The dealer will ask you a series of questions, possibly run a credit report and invest in understanding your credit experience before showing you available

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