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A secured credit card can also help with fixing bad credit after bankruptcy. The key difference between a traditional dealership and one that strictly specializes in BHPH financing lies in the shopping experience. Despite recent headlines about the US credit-crunch, getting car credit is easier than you think. High Pre-Payment Penalties Predatory lenders like to include things in their contracts that make it nearly impossible for you to refinance your loan. They are more likely to find a buyer for your car and thus more likely to take it as part of a trade-in. You will get a chance to go through quotes from different lenders and select the most suitable for you. The last tip for fixing bad credit after bankruptcy is to check to see what black marks on your credit report you need to get rid of. What's the difference between a BHPH dealership and a traditional dealership? Depending on the dealerships you visit, very little. A poor credit car loan usually has a higher than normal interest rate, and the payment periods usually range from two to five years in length. Buy Here Pay Here (BHPH) financing means that you arrange.


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