Bankruptcy Loans Using Your Vehicle As Collateral

If you’ve been declared bankrupt, it can be quite difficult to get a loan or a credit card until the bankruptcy notice disappears from your credit history. But, even in this situation, life does go on and emergencies do crop up.
So, what can you do if you need some cash fast and your savings have been depleted? Why not get in touch with Hock My Car and get a short-term loan by using your vehicle as collateral?

Fast Approval

Get your loan approved quickly without barriers.

No Credit Checks

Use your vehicle as collateral.

Secure Storage

Your vehicle is safely stored in our premises.

Flexible Loan Terms

Option to extend after 3 month period.

How Can I Get A Loan If I Have Been Bankrupt?

At Hock My Car, we don’t conduct credit checks or even look into your credit history. All we need from you is a vehicle that you own outright and that you’re happy to park in our secure car yard for the duration of your loan term (initial term is three months).

We use your vehicle as security against the amount we loan you and look after it while you’re repaying the loan. Once you’ve repaid the loan, you’re free to come and pick up your vehicle.
SCWCars Hock My Car: Bankruptcy Loans

Easy Application Process

Simple and straightforward application process with minimal documentation.

No Hidden Fees

Transparent terms with no hidden fees or unexpected charges.

Improve Credit Score

Timely repayment can help improve your credit score, even if you have bad credit.

SCWCars Loans Apply For A Cash Loan Secured Against Your Vehicle​

Loans Secured Against Your Vehicle Post-Bankruptcy

If you’ve declared bankruptcy, you’ll know that it will remain on your credit report for 5 years. This means that it will be very difficult for you to get a loan from most traditional lenders in Australia.

But at Hock My Car, we don’t look at your credit history because we use your vehicle as security against the loan. This means that you can easily get some fast cash for emergencies just by owning a vehicle that you will let us look after until the loan has been paid back.

As a vehicle pawnbroker, we need to have your vehicle stored in our yard for the duration of the loan. This means that if you happen to default on the loan we provide you, we will take ownership of your car so that we can sell it to recoup our costs.

Eligibility For Loans Against Your Vehicle If You've Been Bankrupt

Even if you’ve been bankrupt, you can be eligible for a short-term loan as long as you provide us with the following documents:

Vehicle Registration Certificate:

The registration certificate of your vehicle which shows you as the registered owner and that the car is not under finance.

Personal ID Documents:

Personal ID documents such as your driver’s licence, medicare card, or bank statement for our 100-point ID check.

Bring Your Vehicle:

Once we’ve verified your documents, all you have to do is bring your car into our secure yard and we can forward you the cash that you need.

Guaranteed Approval And No-Refusal Loans For Eligible Bankrupts

Even if you’ve been declared bankrupt, as long as you meet our eligibility requirements, we can guarantee that we will approve your loan.

Our guaranteed approval and no-refusal policy ensures that you can get a short-term loan secured against any vehicle that you own outright.

Need quick cash?

Apply now for a short-term loan with no credit checks and fast approval.