Bankruptcy Information
Kiss of Death
Some people think that bankruptcy is a "kiss of death" to their credit
history. If it was once true, it is NO LONGER:
- Not paying your debt destroys your credit - not bankruptcy.
- Some have good credit - they have used their assets or credit to make
current payments, but are unable to continue. They will lose their good
credit whether they file bankruptcy or not.
- Bankruptcy improves your credit, especially if you make current car or
house payments.
- You can buy or refinance a house two years after filing without penalty.
- You can refinance or buy a house even while you are in bankruptcy.
Interest rates will be high.
With over 2,000,000 bankruptcies last year, lenders have found out that
bankrupts are a large market and are eager to get your business. They also
think you are dumb enough to snap at anything they offer. Most offers are
garbage. The "Kiss of
Death" is a myth. I recommend you find out how to
repair your credit at:
www.lifeafterbankruptcy.com
www.ftc.gov/credit
www.fixmycreditnow.biz
www.daveramsey.com/
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