How long does it take to recover? Will I be able to get my score up in the next 2 years? Which is worse, foreclosure or bankruptcy? (I'm just curious about which is worse)
Thanks!
2007-09-07 13:51:51 · 9 answers · asked by Lilliand 5 in Entertainment & Music ➔ Polls & Surveys
Seven years to fully recover from a Bankruptcy or Foreclosure. The Foreclosure is worse however because it is considered proof that you can not pay your debts. Plus, a Bankruptcy puts an end to your debt. A foreclosure does nothing of the sort. You can still wind up owing money even after the foreclosure happens. So go with the bankruptcy if you have to. And the only way you are getting credit in 2 years is to use a separate identity, like a single identity as opposed to a married identity or a company identity as opposed to an individual identity.
2007-09-08 13:46:31 · answer #1 · answered by LORD Z 7 · 0⤊ 0⤋
7 years
2007-09-07 20:56:44 · answer #2 · answered by Anonymous · 0⤊ 0⤋
7 years
2007-09-07 20:55:28 · answer #3 · answered by johnny trash 5 · 0⤊ 0⤋
Has it occurred yet? Have you tried getting an investor to buy out your equity? Or the lender to accept a short sale in lieu of foreclosure?
Just some thoughts :)
2007-09-07 20:59:24 · answer #4 · answered by Cheeky 6 · 1⤊ 0⤋
I've heard between 6 and 10 years. Next time be more careful. I'm not sure which one is worse though.
2007-09-07 20:58:50 · answer #5 · answered by noonecanne 7 · 0⤊ 1⤋
Bankruptcy is worst in any records for future endeavours.
2007-09-08 16:46:19 · answer #6 · answered by Anonymous · 0⤊ 0⤋
How long will food keep?
Some foods last longer than others.
A whole roast will keep for up to a week in the refrigerator, while ground beef must be used within a day or two.
Meats should be removed from the store packages and rewrapped as soon as you get them home.
If you want to freeze hamburger, form it into patties and use plastic coffee can lids to separate them. Wrap the whole stack in plastic and freeze.
Berries will often turn to mush if you just put them in the freezer. Instead, spread them out on a cookie sheet to freeze, then transfer them to plastic bags.
In the refrigerator, tomatoes will stay fresh longer if you set them stem-side down.
Cottage cheese is also best stored upside-down in the refrigerator. To keep bread fresh longer, put a rib of celery in the bag.
Lettuce and celery stay fresh longer in paper bags than in plastic.
A pinch of salt in a gallon of milk will keep it fresh past its expiration date.
You can sometimes even bring foods that are past their prime back to life.
Limp lettuce and celery may become crisp again if you soak them in ice water with a few drops of vinegar for an hour or so.
2007-09-07 21:16:14 · answer #7 · answered by Anonymous · 0⤊ 5⤋
They say 7 yrs, if you can on that...You are not suppose to buy anything in your name in 7 yrs...I belive..You need to check in your state...
2007-09-08 01:40:49 · answer #8 · answered by Anonymous · 0⤊ 0⤋
some never realy recover from either.
2007-09-07 20:59:17 · answer #9 · answered by Robert F 7 · 0⤊ 0⤋