Qualifying For Credit Post-Bankruptcy

Debt problems that lead to a bankruptcy filing is not something you will want to revisit. A vast majority do not as bankruptcy seems to be a one-time solution after your debts have been discharged.

Contact my law firm today to discuss future qualifications for credit cards and loans. You can reach me online or by telephone at 585-232-7560. For your convenience, I have multiple law offices located throughout the Rochester area.

Get The Facts About Qualifying For A Loan Or Credit Card

While there are minimum wait periods for some loans, you will receive credit card offers upon completion of your bankruptcy. The creditors know that you cannot file bankruptcy for another seven years, meaning that you cannot discharge the debts you incur from them.

Other loans — including one for a car — are possible. However, any type of offer you get for credit comes with expensive strings attached. While creditors are anxious to have you apply, these unfavorable loan offers may come with high interest rates, expensive annual fees and other charges.

Securing a mortgage, meanwhile, is based on the requirements of individual mortgage lenders and wait periods established by Fannie Mae and Freddie Mac. Qualifying will depend on your income, your debt and your down payment.

Call To Schedule Your Free Initial Consultation Today

Contact my law firm today online or by telephone at 585-232-7560 to speak with a knowledgeable New York debt relief attorney. I am a lawyer who offers reasonable rates and free initial consultations at my conveniently located law offices.

My firm is a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.