2007-01-07 10:41:34 · 11 answers · asked by jragan1957 1 in Business & Finance ➔ Personal Finance
You will have to rent. Some places will do a credit check, so you might be asked to put up a larger deposit.
2007-01-07 10:43:22 · answer #1 · answered by Allan 6 · 1⤊ 0⤋
I worked with a Credit Bureau for eight years. Many, many people have asked me this. I don't know if it helped any of them, but I hope it did. When you file bankruptcy, be careful, because after that lenders and banks will try to take advantage of you. They see that you have had financial difficulty, and they know that you can't get low interest rates, so they drive the prices up on you. They will try to charge you 23% interest rates or higher. DO NOT let them do this. These lenders see it like this: you don't have a choice. But that isn't true. You have plenty of choices. Since you filed bankruptcy, interest rates may run a little higher than you would like, but that is one consequence of bankruptcy. My advice to you is, try to find an apartment, or a house to rent. Go absolutely everywhere. Even places that you would never think of living. (unless it's dangerous there) See what apartment will give you the best deal, and take it. You may have to settle for something you don't want, but that's to be expected. They will most likely require first and last months rent, plus a deposit. Unfortunately, this is also a side effect of bankruptcy. When you've been there for three months or so, go to a small lender. (not a bank) Borrow two hundred dollars, or less if they'll let you. Then pay it back. Double the payments if possible. You will be able to prove that you are paying rent, and have been able to sustain that for the last ___ months. After that is paid off, go take out a small loan for three hundred dollars. Then pay it back. Try to pay it back in half the time they require, but it isn't necessary. It just looks good on your credit. This will help you get some good credit back. It will show that after bankruptcy, you were able to pick yourself back up, and pay everything on time. Don't take more than one loan at the time, and never a huge amount. The interest rates will most likely run high. Possibly in the low twenties at first, but once you've established yourself with a lender, next time you can say "hey, last time I paid you back as agreed. I paid you back quickly, too. I think I should get a lower interest rate." It may drop by one number, possibly two. Continue this until you have a good amount of credit stored up. It will not happen in a hurry. It could take five years before you can even consider getting another loan for a house, if that is what you want to do. Even then, never accept a first offer. Go hunting around for other lenders. Then you have leverage. You can possibly haggle them down quite a bit. Then your payments aren't as high. I could go on and on, but I'll stop. Good luck to you.
Also, try to avoid all associations with credit card companies. To pay of a $500.00 credit card balance by paying the minimum payments could take up to TWENTY years. Credit cards are never a good idea.
2007-01-07 11:11:34 · answer #2 · answered by Sierra S 2 · 1⤊ 0⤋
As long as you still have a job and income, I don't think you have much problem to find a place to live. Most landlord don't conduct credit checks, as long as you can put a deposit down. Good luck.
2007-01-07 10:47:43 · answer #3 · answered by Anonymous · 1⤊ 0⤋
If you are low-income, then you can get government assistance with HUD. If not then I guess you'll have to rent a place until your credit is better. GOOD LUCK!
2007-01-07 10:43:08 · answer #4 · answered by steffers4979 4 · 1⤊ 0⤋
IT IS NOT AS YOU HARD AS YOU THINK IT IS. KEEP APPLYING FOR ANYTHING AND EVERYTHING.YOU HAVE TO PROVE TO THEM THAT YOU CAN PAY YOUR BILLS. TRY NOT TO GET SO UPSET. IT IS GOING TO SEEM LIKE THE WHOLE WORLD IS SAYING NO. AND THEY ARE UNTIL, YOU HAVE GOTTEN THERE ATTENTION. PUT YOUR OWN MONEY DOWN ON A CREDIT CARD OR TWO JUST TO GET ACCEPTED. GOOD ADVICE.
BUTTERFLY
2007-01-07 11:07:14 · answer #5 · answered by dominica m 1 · 1⤊ 0⤋
Theres high risk home mortgages out there to help people after bank ruptcy.
2007-01-07 10:43:26 · answer #6 · answered by Anonymous · 0⤊ 1⤋
I think that there are a ton of apartment managers that would understand your situation...let them know up front.
M
2007-01-07 10:43:56 · answer #7 · answered by maamu 6 · 1⤊ 0⤋
Look into apartments that dont do credit checks!
2007-01-07 10:42:52 · answer #8 · answered by Sandy H 3 · 0⤊ 1⤋
Well, first things first. You have to settle on a building material. --Cardboard or Canvas?
2007-01-07 10:43:04 · answer #9 · answered by martino 5 · 0⤊ 2⤋
$19.00 USD Hotel.
2007-01-07 20:28:32 · answer #10 · answered by Anonymous · 0⤊ 2⤋