Can You Qualify For Credit Post-Bankruptcy?

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

Call my law firm today to discuss future qualifications for credit cards and loans. You can reach me by telephone at 585-232-7560. For your convenience, I have multiple law offices 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. 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 and 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.

Discuss Your Options With A Capable Lawyer

Contact the Law Office of Kenneth Gallant 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.