2006-09-27 07:01:47 · 7 answers · asked by brownthoughtfulhardworking 2 in Business & Finance ➔ Credit
i just want to borrow 2000.00
2006-09-27 07:56:39 · update #1
yes but i wouldnt recommend it youd probably find yourself in more trouble then you are in right now
2006-09-27 07:06:57 · answer #1 · answered by etnie 1 · 0⤊ 0⤋
You will have difficulty getting a loan since you have proved that you were not responsible enough managing your money.
To start building your credit again, start with a secured loan or credit card and make sure that you treat your finances responsibly. Figure out how much you can afford, budget your money and do not live beyond your means. Bankruptcy stays in your credit record for 10 years. It not only affects your credit but also your chances for a better employment with some companies.
Good luck
2006-09-27 14:17:19 · answer #2 · answered by Myriam C 2 · 0⤊ 0⤋
It depends what type of loan you're looking for. But most home loan lenders require that the BK be discharged 4 years from the application date.
Even if it hasn't, you can still find a loan with a sub-prime lender. But you'll end up with a inflated interest rate because of your troubled past. It's best to clear up all your derogatory accounts and wait until your credit scores are up before applying for any big loans.
It's simply a waste of money to take out a loan with less than perfect credit if you can avoid it. Creditors even prey on consumers with less than perfect credit because they know you are between a rock and hard place, and that you'll take whatever they'll offer you.
2006-09-27 14:48:15 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I knew someone who went through bankruptcy and she said it took 10 years to be able to get loans after that.
2006-09-27 14:09:45 · answer #4 · answered by Jazz In 10-Forward 4 · 0⤊ 0⤋
Sure, but it'll be an exorbitant interest rate.
Your better move would be to find a way to consolidate your debt or get some of it relieved before worrying about falling into even MORE debt.
2006-09-27 14:08:59 · answer #5 · answered by Brian L 7 · 1⤊ 0⤋
Sure you can. But the interest rate will be so high it wont be worth it to take the loan.... Dont get suckered!
2006-09-27 14:09:35 · answer #6 · answered by YDoncha_Blowme 6 · 1⤊ 0⤋
yes. you can get loans with high amount of interest rates or secured loan
2006-09-28 08:08:22 · answer #7 · answered by men t 2 · 0⤊ 0⤋