2007-03-26 14:38:55 · 4 answers · asked by wellcraft07 1 in Business & Finance ➔ Credit
higher than average interest rates, and pnding on how long it has been discharged, the inability to get credit period. Higher fee credit cards and in most states even higher insurance premiums.
2007-03-26 14:43:06 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You can begin to repair that bankruptcy mark in as little as 6 months after filing. However the bankruptcy itself will remain for 7 years on your credit report.
2007-03-26 15:22:47 · answer #2 · answered by Schona 6 · 1⤊ 0⤋
I filed Chapter 7 about a year and a half ago...
My consequences:
I still don't have a credit card (I think I've applied about about 2-3 times).
My car and homeowners insurance went up about 20%
I was able to keep my car, but I had to get a loan from a friend to get my car payment current.
I had to pay $100 deposits to the electric and gas companies.
I've been turned down for jobs in the financial services industry.
All in all, it was a small price to pay for the freedom of getting out of debt.
2007-03-26 15:16:25 · answer #3 · answered by Michael W 3 · 0⤊ 0⤋
Flat ruin it for several years then when you can eventually get credit expect extremely high intresrt rates 20% and higher
2007-03-26 14:47:30 · answer #4 · answered by charkeyp 3 · 0⤊ 1⤋