Marcus did the math. The monthly payment was stiff, but manageable. He made a vow: he would use this high-interest loan as a tool. He would pay every installment early, proving to the banks that the "old Marcus" who overextended his credit cards was gone.
The engine of Marcus’s old sedan gave one final, metallic wheeze before dying in the middle of a rain-slicked intersection. For Marcus, the timing was poetic. Only three weeks ago, a judge had discharged his Chapter 7 bankruptcy. He was debt-free, but he was also now walking-to-work-in-the-rain free. can you buy a car if you file chapter 7
"I won't sugarcoat it," the finance manager said, flipping through Marcus’s file. "The bankruptcy is there. Your interest rate is going to be high—around 14%. But since you’ve stayed current on your rent and utility bills since the filing, we can get you behind the wheel." Marcus did the math