30 County Road 1101 Troy, AL 36079 334-672-0791

Bankruptcy Program at MorrisRivers.com

AT MORRISRIVERS.COM WE UNDERSTAND THAT BAD THINGS DO HAPPEN TO GOOD PEOPLE. WITH OVER 25 YEARS OF EXPERIENCE IN SUBPRIME FINANCING & FIRST-CLASS CUSTOMER SATISFACTION, WE SPECIALIZE IN HELPING CLIENTS THAT ARE PRESENTLY IN AN OPEN CH.13 OR DISCHARGED BANKRUPTCY. OUR COMPANY HAS BEEN PARTNERS WITH LENDERS AND CREDIT UNIONS FOR OVER 10 YEARS. ALL OUR VEHICLES GO THROUGH A THOROUGH 125 POINT INSPECTION, SERVICING, AND FREE AUTO CHECK. WE SELL LIKE NEW VEHICLES WITH LOW MILEAGE AND THE REMAINING FACTORY WARRANTY. AT MORRISRIVERS.COM OUR ULTIMATE GOAL IS TO EDUCATE OUR CLIENTS. WE WANT TO ENSURE THAT YOU HAVE THE BEST FINANCING OPTIONS AND A QUALITY, PRE-OWED, LIKE NEW AUTOMOBILE. PLEASE TAKE THE TIME TO READ SOME OF OUR KEY TIPS TO HELP WITH YOUR FIRST STEPS TO FINANCIAL STABILITY. THANK YOU SO MUCH FOR GIVING OUR COMPANY THE OPPORTUNITY TO EARN YOUR BUSINESS. WE ARE LOOKING FORWARD TO MEETING WITH YOU SOON.

Tips to help you

    PURSUING FINANCE:
  1. CH13 BANKRUPTCY: IF YOU ARE IN AN OPEN CH.13 PAYING THE BANKRUPTCY TRUSTEE EVERY MONTH, HERE’S SOME TIPS ON HOW TO QUALIFY TO PURCHASE A VEHICLE. (a) MAKE SURE THE BANKRUPTCY PAYMENTS TO THE TRUSTEE ARE ON-TIME AND NOT CURRENTLY BEHIND; (b) IF YOU ARE LESS THAN THREE YEARS INTO THE BANKRUPTCY, YOU WILL NEED A LETTER FROM THE TRUSTEE WITH PERMISSION TO PURCHASE A VEHICLE; (c) FINANCING IS CAPPED AT $20,000 OR LESS; (d) THE VEHILCE BEING PURCHASED HAS TO BE 2 YEARS OR OLDER. BY USING THIS GUIDE, YOU WILL QUALIFY FOR OUR OPEN BANKRUPTCY PROGRAM. CLICK HERE TO APPLY.
  2. DISCHARGED CH.7 AND CH.13: CONGRATULATIONS!! THIS MEANS THAT ALL DEBTS ARE SATISFIED. IT’S TIME TO GET BUSY REBUILDING YOUR CREDIT. THIS ENSURES YOU A FRESH START AND WILL OPEN YOU TO EVEN BETTER FINANCING OPPORTUNITIES WITH OUR LENDERS AND CREDIT UNION. YOU WILL NOT BE LIMITED TO A SET AMOUNT OF MONEY OR YEARS ON AN AUTOMOBILE. WITH OUR FRESH START BANKRUPTCY PROGRAM, OUR LENDERS OFFER OUR DISCHARGED CLIENTS COMPETITIVE RATES AND LOW TO NOTHING DOWN PAYMENTS. CLICK HERE TO APPLY.
  3. ON-TIME PAYMENTS: When you make on time payments this shows lenders that you are willing and able to pay. When you open any line of credit, no matter what it is, always pay on time or before the due date each month. This impacts your credit score immensely.
  4. MAKING ON-TIME PAYMENTS: ONCE WE GET YOU FINANCED, ON-TIME PAYMENTS ARE VERY IMPORTANT. HERE’S SOME KEY POINTS TO ENSURE YOU A BETTER CREDIT SCORE AND CREDIT.
  5. TRY TO SCHEDULE YOUR PAYMENTS A WEEK OR TWO BEFORE THE DUE DATE.
  6. TRY TO BUDGET TO GET ONE PAYMENT AHEAD, SO THAT YOU WILL NOT RUN THE RISK OF MAKING LATE PAYMENTS. THIS HELPS YOU TO SAVE ON INTEREST AND TO PAY OFF YOUR AUTO LOAN EARLIER.
  7. MAKING EXTRA PAYMENTS HELPS TO PAY THE BALANCE DOWN FASTER. YOU’LL BE SURPRISED BY HOW MUCH A DIFFERENCE AN EXTRA $30.00 OR $50.00 MAKES TOWARDS YOUR BALANCE. THIS WILL HELP YOUR CREDIT RATING AND ALSO BUILD EQUITY INTO YOUR VEHICLE FASTER.
  8. LATE PAYMENTS CAN AFFECT YOUR CREDIT, YOU NEVER WANT TO MAKE A PAYMENT 10 DAYS AFTER THE DUE DATE. ONCE AGAIN MAKING TIMELY PAYMENTS WILL HELP YOUR CREDIT.
  9. AVIOD PAYMENT EXTENSION: Doing a payment extension puts your past due amount in the rear of your loan. This will add extra months on your loan, resulting in a bad credit rating.
  10. LATE CHARGES: LATE CHARGES CAN AFFECT YOUR BALANCE AND CREDIT. IF YOU AVOID PAYING THE LATE CHARGES ON YOUR LOAN YOU ARE PUTTING YOURSELF AT RISK FOR YOUR BALANCE TO INCREASE. ALWAYS LOOK OVER YOUR STATEMENTS TO ENSURE THAT YOU ARE PAYING THE CORRECT AMOUNT THAT’S OWED TO AVOID A HIGHER BALANCE.
  11. Always review statements.
  12. Late charges can affect your balance. Even if your account is set on auto pay, always review your monthly statements to make sure the correct amount is being paid on the correct date. Reviewing your monthly statement can help you catch a slip and allow you to fix it before it causes extreme delinquency or late fees to be added to account balance.
  13. Avoid buy-here pay-here lots:Dealerships that offer buy-here pay-here are typically the worst choices you can make as a consumer. Please try to avoid these types of dealerships. In most cases the down payment covers the cost of the vehicle and they charge you a ridiculous amount for the vehicle with an outrageous finance charge. Most of these cars have high mileage, and no warranties offered. You do not have to put yourself in this type of losing situation.
  14. AVOID USED CAR LEASING: THERE ARE DEALERSHIPS OUT THERE NOW THAT WILL LEASE USED CARS TO CONSUMERS. PLEASE UNDERSTAND YOU WILL NEVER OWN YOUR VEHICLE. ONCE AGAIN YOU ARE PAYING A HUGE DOWN PAYMENT TO COVER THEIR COST ON THE VECHILE AND THEN THE DEALERSHIP CHARGING YOU A HIGHER DOLLAR AMOUNT FOR THE VEHICLE THAT YOU WILL NEVER OWN. THIS IS SETTING CONSUMERS UP FOR FALURE. REMEMBER, WHETHER YOU ARE IN OR OUT OF YOUR BANKRUPTCY, YOU DO NOT HAVE TO GO THIS ROUTE. CLICK HERE TO START YOUR FINANCIAL STABILITY.
  15. Do not over extend yourself: Just because you can get something on credit doesn't mean you should. One reason why people get turned down is because they dont budget for a vehicle payment. When being considered for approval, lenders will complete a debt to income ratio and if you have more going out than coming in then you will not budget for a vehicle.
  16. Income & Job time: The minimum job time you must have in order to purchase a vehicle is at least 6 months on your current job. The longer job time you have the better chances of approval you have. Income and job time play a huge role in the approval process. The minimum income must be at least $2500.00 grossed per month.
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