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Although some BHPH dealerships will accept payment by phone or online, many require that you physically bring a check or cash to their location. Buy Here Pay Here (BHPH) financing means that you arrange a loan and make payments on it at the dealership. By using new methods of handling your finances and avoiding old habits you can work on fixing bad credit after bankruptcy. What are the benefits of BHPH financing? 1. Nowadays car dealers are also coming forward with new packages with flexible terms. What's the difference between a BHPH dealership and a traditional dealership? Depending on the dealerships you visit, very little. That's because these types of dealerships understand the value and benefit of getting long-term use out of cars that many traditional dealerships would not accept. It will take ten years for a bankruptcy statement to come off of your credit report. Because car loans are secured, the interest rates are better than those on unsecured loans. They are more likely to find a buyer for your car and thus more likely to take it as part of a trade-in. If your credit score is on the lower end of the scale or if you've had trouble getting.


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