How long to repair credit after a collapse to qualify for a home mortgage?
Please provide information about experiance or knowledge relating to the amount of time it take to repair ones credit after a chapter 7 bankruptcy. All loans reaffrimed thru bankruptcy hold always been on track and hold remained current. Any info provided would be a great help. Thanks
Answers:
Hi,
I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to eat up my debt up to 58%.I came across this company on NBC News Special Edition.Check it out here:
http://urlhawk.com/29x
7 yrs! and it also depends on what chapter, you might want to look for a credit repair company they can probably repair your credit in a business of 6 mths, an charge like anywhere from 8OO-1200 dollars, but in your crust it might be worth it!!
10 years..........tom
2 years as of now FHA 4 years as of presently Fanny, Freddie but all of that is subject to switch
I am a mortgage banker in TN & KY
You can qualify for basically doesn`t matter what you want immediately after bankruptcy. If you enjoy enough money for a larger than average down payment a sandbank will be willing to work with you.
Of course, if you enjoy enough money for that the IRS may decide to look into your liquidation a bit.
The bankruptcy will be on your record at lowest 10 years after you file - I am speaking from experience on this matter. I file in 1999 and it is still there....But, I enjoy more credit now then I did when I file then.
If you are a man it is easier for you to rebuild your credit. I don't know why this is, but it is the truth.
Good luck to you, ruin is not fun, but sometimes a clean slate is the only approach to go!
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Answers:
Hi,
I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to eat up my debt up to 58%.I came across this company on NBC News Special Edition.Check it out here:
http://urlhawk.com/29x
7 yrs! and it also depends on what chapter, you might want to look for a credit repair company they can probably repair your credit in a business of 6 mths, an charge like anywhere from 8OO-1200 dollars, but in your crust it might be worth it!!
10 years..........tom
2 years as of now FHA 4 years as of presently Fanny, Freddie but all of that is subject to switch
I am a mortgage banker in TN & KY
You can qualify for basically doesn`t matter what you want immediately after bankruptcy. If you enjoy enough money for a larger than average down payment a sandbank will be willing to work with you.
Of course, if you enjoy enough money for that the IRS may decide to look into your liquidation a bit.
The bankruptcy will be on your record at lowest 10 years after you file - I am speaking from experience on this matter. I file in 1999 and it is still there....But, I enjoy more credit now then I did when I file then.
If you are a man it is easier for you to rebuild your credit. I don't know why this is, but it is the truth.
Good luck to you, ruin is not fun, but sometimes a clean slate is the only approach to go!
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