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I Need to Rebuild My Credit After Bankruptcy. – Dennis

“Dear Steve,

Do You Have a Question You'd Like Help With? Contact Debt Coach Damon Day. Click here to reach Damon.

I own a Honda Fit with around $58,000 miles on it and I have the title. I also just finished a Chapter 7 bankruptcy and so my credit is shot. I wanted to borrow against my title about $7,000 and make payments over 3 to 4 years in order to get back on my feet. Do you recommend any car title loans or other ways I can do this? It looks like all the car title people are risky.

Dennis”

Dear Dennis,

I don’t recommend any title loan lenders. If you need to get your credit back in shape by following this guide.

Once you improve it a bit you may be eligible for an unsecured loan through LendingClub.com or Prosper.com.

Please post your responses and follow-up messages to me on this in the comments section below.

Damon Day - Pro Debt Coach

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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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