2006-12-22 04:02:55 · 11 answers · asked by youngeugene25 1 in Business & Finance ➔ Credit
It depends on your credit history since the bankruptcy. Have you had any hickups since then? I'll tell you it is possible to get even a mortgage loan if you were bankrupt 3-4 years ago. So 7 years is a long time. Now, they may scam you and say "oh because of bankruptcy we have to charge you a higher interest..." -- shop around see what you can get. Of course would be nice to try to re-build your credit. See if you can get a credit card and use it responsibly, basically pay it off every month on time. I'll tell you you should have started rebuilding your credit 2-3 years ago.But in short, the answer is: 7 years is long enough for bankruptcy to go away as factor. Now, if you are more than 30 days late on cell phone bill or something like that and they report it to a credit bureau, this will probably cause more damage to your credit today, than the bankruptcy.
2006-12-22 04:12:25 · answer #1 · answered by Alexander K 3 · 0⤊ 0⤋
yes, it's possible but you will have to jump through whatever hoops the lender will have. You will need a good plan of what you intend to do with the loan proceeds and an even better plan on how you intend to repay the loan. Collateral or a co-signer will be needed also. Don't be surprised if you need to go to more than one lender. I also suspect that if you are able to get a loan that you will have to pay a very high rate of interest.
2006-12-22 04:16:51 · answer #2 · answered by Guy 2 · 0⤊ 0⤋
7 yrs is the cut off for the BK. They always ask have you have a BK in the alst 7yrs. After 7yrs most lenders don't pay attention to it. How you has your credit history been since then? Do you pay things on time? Do you keep track of your spending? If you know what your credit score is that will help.......its worth a shot...the BK shouldn't affect you though.
2006-12-22 04:18:41 · answer #3 · answered by Erin B 2 · 0⤊ 0⤋
Possible? Yes, but the interest rate will be enormous due to the bankruptcy.
2006-12-22 04:12:29 · answer #4 · answered by S. B. 6 · 0⤊ 0⤋
Instead of paying a higher interest rate than you should, why not have professionals try to knock that bankruptcy off your report?
2006-12-22 06:37:50 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yes go and try to get a loan good luck
2006-12-22 05:02:20 · answer #6 · answered by pattibcacl 6 · 0⤊ 0⤋
Run a credit check on yourself first to see if there are any discrepancies you can dispute. The bankrupty shouldt show up nowbut in case it does you'll have a reason to protest about it to clear it out.
2006-12-22 04:11:34 · answer #7 · answered by Triskelion 4 · 0⤊ 0⤋
as long as you've established good credit since, it shouldn't be a problem
2006-12-22 07:46:39 · answer #8 · answered by Dwight D J 5 · 0⤊ 0⤋
You should be able to now - apply - what do you have to lose - but time - good luck!@~
2006-12-22 04:10:51 · answer #9 · answered by nswblue 6 · 0⤊ 0⤋
sure, go try...start with your bank and work your way down...or try online.
2006-12-22 04:05:12 · answer #10 · answered by David B 6 · 1⤊ 0⤋