Can I Get a Secured Loan If I Have a Chapter 13?

Answer Filing for bankruptcy protection doesn't mean you'll never get credit again. Although your credit score can go down by 100 points after bankruptcy, you can still take out an auto loan, a mortgage o... Read More »

Top Q&A For: Can I Get a Secured Loan If I Have a Chapter 13

Is a car loan considered a secured loan?

Yes, a car loan is typically considered a secured loan because the value of the vehicle is used to guarantee repayment of the loan. If the borrower stops making payments, the borrower can take or r... Read More »

What are the treatments for secured creditors in Chapter 13 bankruptcy?

In Chapter 13 bankruptcy, a debtor must have enough income to repay mandatory debts, such as secured claims, in full over the life of the plan. Plans range from three to five years.Secured DebtA se... Read More »

What percentage of secured debt is repaid in Chapter 13?

The bankruptcy code does not set forth a specific percentage to be repaid in regards to secured debt. Instead, the debtor must repay the fair market value of the property, depending on when the pro... Read More »

Is a secured loan right for you?

On One Hand: Secured Loans are Easier to ObtainSecured loans offer the lending agency some type of collateral in case the borrower cannot repay the loan. One popular type of secured loan is the hom... Read More »