In a welcome, and unexpected, phone call today I was informed that we will still be able to offer those in an open (undischarged) bankruptcy auto loans through Prestige Financial.
Last week, Prestige pulled out of Washington and Oregon completely. Upon further review, Prestige decided they would stay in the state on a limited basis. They are going to be working with many fewer dealers than before. They will also only be lending to those that meet their underwriting requirements which now include an open bankruptcy.
Prestige is the only lender still around that offers bankruptcy auto loans with no down payment required. Over the past 5 years, WA Auto Credit has put between a third and a half of our auto loan customers with Prestige Financial.
