2006-10-31 07:00:59 · 5 answers · asked by Liz A 2 in Business & Finance ➔ Personal Finance
No and it will be on record for 10 years
2006-10-31 07:08:18 · answer #1 · answered by myothernewname 6 · 0⤊ 0⤋
Student loans are federal so they can not be included. The bankruptcy will be on your record for ten years but you can buy a house after two years. You can buy a car after you receive your discharge paper usually within 6 months. Make sure you keep a copy of your discharge papers because your credit report is not always accurate and when you go to the lender they will need to see what should have been discharged in the bankruptcy. You also need to apply for a credit card to start rebuilding your credit. You will probably get a card with a small limit that you can make monthly payments that will help start rebuilding your credit.
2006-10-31 15:16:57 · answer #2 · answered by catsrule 1 · 0⤊ 0⤋
We work with lenders that can take you in as little as 8 months. Credit has to be good after the bankruptcy and student loans can't be included.The longer you wait to buy a home, the better the interest rate will be.
2006-10-31 15:10:47 · answer #3 · answered by lumberman57 4 · 0⤊ 0⤋
No student loans are for ever unless you pay them off they are guaranteed by the Government. The bankruptcy is on your credit report for ten years but you may still get a home loan depending where you go and if you will pay more in interest.
2006-10-31 15:11:01 · answer #4 · answered by revtobadblack 6 · 0⤊ 0⤋
No they can't and it will take at least 2 years.
2006-10-31 15:02:09 · answer #5 · answered by Troy S 5 · 0⤊ 1⤋