Bankruptcy FAQs
Will bankruptcy hurt my credit?
You want credit? After what you are going Through?
Strangely enough bankruptcy improves your credit. Ask yourself: Can you
borrow now? If you can, can you pay it back? You can buy a car about three
months after discharge. You will get credit card applications while in
bankruptcy. You can buy a house 18 months to two years after bankruptcy.
Bankruptcy stays on your credit report for 10 years. It will affect your credit,
but different loan officers and lenders react differently to it. If you are
refused credit or the interest rate is too high, shop around.
See "Kiss of Death" (Bankruptcy Information Kiss
of Death). |
