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3 Responses to “Can someone who files bankruptcy still by a house down the road?”
I filed in December of 2000 and discharged in March of 2001.
Within 12-months I had re-established my credit using 3 credit cards and was able to buy a new car with no money down and a 3.9% interest rate through Ford.
After making 12-payments on the car I bought a new home again with no money down and a 6.5% fixed interest rate
Now all of my scores are over 750 even though the bankruptcy still shows on my credit report.
April 8th, 2010 at 6:13 pm
Sure you can.
I filed in December of 2000 and discharged in March of 2001.
Within 12-months I had re-established my credit using 3 credit cards and was able to buy a new car with no money down and a 3.9% interest rate through Ford.
After making 12-payments on the car I bought a new home again with no money down and a 6.5% fixed interest rate
Now all of my scores are over 750 even though the bankruptcy still shows on my credit report.
April 8th, 2010 at 6:13 pm
Generally, your credit will recover 7 years after bankruptcy.
April 8th, 2010 at 6:13 pm
yes they can, my loan officer and i went over this, in the state of idaho it takes two years before you can by though