Business & Finance

I want to take out about a $5000 loan to buy a motorcycle. I do have bankruptcy on my credit and I want a good place that will approve me. Bankruptcy is due to loss of income and I filed before I became delinquent on any bills; so I don't think my over all credit score is to terrible...

Where is your down payment?
You will need at least $1,000 or 20% down.

Do you realize you are about to pay $6,000 for a mortorcycle?
Can you stop and think about that for a second.
My first car was $2,000
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Join a Credit Union. Many have very liberal membership requirements. CUs are more likely to look at your current situation and are willing to listen to your reason for BK instead of issuing an automatic declination of your loan request. I've been out of my BK for seven years now and joining the CU was the best decision I made. I've had 2 car loans in the past and also have a home equity loan with them currently.

I cannot imagine you will be successful. After bankruptcy you should be rebuilding your life and no lender would consider a motorcycle a necessity.
Not sure why you feel that loss of income comes into the equation for consideration. 85% of defaulters get into that situation due to loss of income whether due to losing their job or a husband deserting. Nobody gets into financial difficulty voluntarily. Those able to pay their bills but simply fail to do so are those who don't understand the consequences of their actions

Anybody who has filed bankruptcy has a bad credit score! If you don't like people's opinions, then don't ask questions!