Connecting your credit profile with a lending solution that works

USE THE POWER OF OUR BK DEBT RELIEF PROGRAM AND LET US OBTAIN THE FINANCE SOLUTION YOUR CLIENTS NEED TODAY! We work with over 40 banks, credit unions and finance sources to match up the correct program, vehicle, and customer profile in minutes!

Flexible solutions for personal needs…

THE FOLLOWING ARE JUST SOME OF THE FINANCIAL LENDING PROGRAMS WE WORK WITH FOR OPEN AND DISCHARGED BANKRUPTCIES:

Open chapter 7 bankruptcy lenders:

We currently have 7 different lenders with 20 different programs so that we can secure an auto loan the same day a chapter 7 bankruptcy is filed. Now there is no need to wait to start re-establishing credit!

Open chapter 13 bankruptcy lenders:

We have 4 lenders with 13 programs for Chapter 13 bankruptcy filings. These cases are a little different than chapter 7 filings. After a meeting with one of our financial specialists and negotiating a deal, the structure will need to be approved by the bankruptcy court trustee. Once the trustee supplies a letter approving the transaction and loan terms, your client will then be able to pick up their vehicle and be on the way to re-establishing their credit profile!

Discharged chapter 7 & 13 bankruptcy lenders:

With a discharged bankruptcy, your client will have the flexibility they need to get on the road to re-establishment. We currently have over 20 lenders with over 40 programs to secure immediate financing for new and used vehicles. Our finance professionals will look for a program and vehicle that works for the client to get back on the road!

Bankruptcy

Chapter 13 Bankruptcy

Process

• Client decides they want a replacement car
• ankruptcy attorney refers them to BK Debt Relief

Procedures

• BK Debt Relief provides client with car payment and loan amount for court approval
• Attorney sends the estimate to the Chapter 13 trustee for pre-approval
• Attorney files a motion for approval with the Court to incur the new debt
• Once the judge signs an order for approval, the debtor purchases the vehicle through BK Debt Relief

Benefits

• Client may reestablish credit through on-time payments on their new car loan
• Client may finance a vehicle during his Chapter 13 bankruptcy rather than having to wait until the end of their bankruptcy
• Court costs for the motion for approval are added in to Chapter 13 plan so client avoids paying fees upfront

Chapter 7 Bankruptcy

Process

• Client decides they want a replacement car
• Bankruptcy attorney refers them to BK Debt Relief

Benefits

• Client may reestablish credit through on-time payments on their new car loan
• Client may finance a vehicle upon filing bankruptcy rather than having to wait at least 3 months after filing for the bankruptcy discharge
• Client saves on court costs as the vehicle purchase does not require court approval

Nick Mayer Ford & National Lenders have teamed up to offer a unique program for your Chapter 7 & 13 clients

Our truly unique program may help your client (pre-discharge) secure a new auto loan. The program highlights and guidelines are detailed as follows:

Vehicle Replacement Program Highlights

RATE REDUCTION REWARDS: With timely payments, the contract's interest rate can drop every 3 months, accelerating pay-down, and saving hundreds or even thousands of dollars in interest.

NO DOWN PAYMENT REQUIRED: We understand your client's circumstances and work to accommodate each customer's limited liquidity.

AFFORDABLE MONTHLY PAYMENTS: We strive to approve comfortable payments – on average about 10% of monthly income – and offer an array of convenient payment options.

MONTHLY CREDIT REPORTING: Our lenders report all account activity to TransUnion, Equifax, and Experian.

EXCELLENT VEHICLES: It is important to us that our customers drive reliable vehicles intended to serve them for the life of the contract and beyond.

The Rate Reduction Program

You want a great loan for your new vehicle. How about a loan that rewards you by dropping your interest rate as you keep your account in good standing? Our exclusive Rate Reduction Program does exactly that, and it can mean tremendous savings! Here's how it works:

• As soon as the new Prestige loan closes, the client may register in the Rate Reduction section in their online account at GoPFS.com.
• Keep their registration current, make monthly payments on time, and maintain qualifying vehicle insurance always.
• For every 3 months step 2 is followed, Prestige will automatically drop the rate by up to ½ of 1%, for a total reduction of up to 2% per year.

At BK Debt Relief we understand the stress of dealing with a Bankruptcy and trying to get a fresh start. We've been in the "credit re-establishing" business for 22 years. We pioneered the Bankruptcy loan program over 20 years ago and we were the first to present this program to the few lenders that would offer financing during a bankruptcy. Working in conjunction with the lenders we have fine tuned the program. No one understands the programs better than we do at BK Debt Relief. We were the first and we are the best. DO NOT SETTLE FOR AMATEURS!

Please take 5 minutes & call our Bankruptcy Loan Processing Center today at: 800-780-2308

There is life after bankruptcy and we will explain why purchasing a car is one of the best ways to rebuild credit. We will show how to do this before bankruptcy discharge. There are many advantages of open bankruptcy and pre-discharge auto financing. We will treat your client with the respect they deserve, without embarrassment.

F & I Certification

The AFIP certification is a 6-month study program promoting excellence in automotive Finance & Insurance business practices. All candidates participated in a sponsored study group advised by Kuboff & Associates, BK Debt Relief's Finance & Insurance software and training business partner.

The program, led by Greg Thompson and Alex Cooke, is part of the ongoing commitment to providing our staff with the best training in the industry. "The goal is to provide a great buying experience for our customers, which includes total transparency and legal compliance in the F&I office," Greg notes. "Over the years we have maintained a strategy of staying ahead of evolving compliance laws and business practices. This program is a continuation of our commitment to being a leader in the industry and staying ahead of the curve."

The AFIP Certified F&I Professional designation is awarded upon meeting the following criteria. The candidates, by scoring 80 percent or higher on each section of the final exam, has displayed a mastery of the following regulations and information:

Regulations

• Regulation Z - Truth in Lending
• Regulation B - Equal Credit Opportunity
• Fair Credit Collection Practices Act
• Regulation M - Consumer Leasing
• Fair Credit Reporting Act
• Magnuson-Moss Warranty Act
• Holder-In-Due-Course Rule

FTC/Federal Reserve/IRS Material

• Buying A Used Car-New Car Buying Guide
• Safeguards Rule
• Do Not Call Rule
• Patriot Act
• Co-Signing a Loan
• A Consumer Guide to Leasing
• FTC Warranty Rule
• FTC Warranty Advertising Guide
• A Legal Supplement to Federal Warranty Law
• A Business Person's Guide to Federal Warranty Law
• IRS Rules for Cash Payments more than $10,000