Comments on: How long after bankruptcy can my credit be good enough to get an apartment or a loan for a home? http://creditopics.com/creditbuzz/credit/how-long-after-bankruptcy-can-my-credit-be-good-enough-to-get-an-apartment-or-a-loan-for-a-home/ Tue, 25 Oct 2011 06:01:43 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: lovemy2babies http://creditopics.com/creditbuzz/credit/how-long-after-bankruptcy-can-my-credit-be-good-enough-to-get-an-apartment-or-a-loan-for-a-home/comment-page-1/#comment-9222 lovemy2babies Sun, 17 May 2009 03:16:37 +0000 http://creditopics.com/creditbuzz/credit/how-long-after-bankruptcy-can-my-credit-be-good-enough-to-get-an-apartment-or-a-loan-for-a-home/#comment-9222 In Alabama its 2 years. Good luck!! I feel your pain.
In Alabama its 2 years. Good luck!! I feel your pain.

]]> By: big_cat_1999 http://creditopics.com/creditbuzz/credit/how-long-after-bankruptcy-can-my-credit-be-good-enough-to-get-an-apartment-or-a-loan-for-a-home/comment-page-1/#comment-9221 big_cat_1999 Fri, 15 May 2009 09:05:36 +0000 http://creditopics.com/creditbuzz/credit/how-long-after-bankruptcy-can-my-credit-be-good-enough-to-get-an-apartment-or-a-loan-for-a-home/#comment-9221 If you have not filed yet, don't do it. If you have, there are lenders who will look at you, your down payment would be at least 20-25% and the rate would not be real favorable. After two years you can apply for a FHA loan. FHA guidline is two years after discharge and reestablished credit or proof of solid credit history with all of the following, phone, cell phone, cable, electric, and or gas bill. Also pay your rent with checks so that can proove how well you have paid your rent. It's always better if you can rent from an apartment complex rather than individual. I am a mortgage banker since 1994 if you have questions e mail me at I lend nationally in all 50 states.
If you have not filed yet, don’t do it. If you have, there are lenders who will look at you, your down payment would be at least 20-25% and the rate would not be real favorable. After two years you can apply for a FHA loan. FHA guidline is two years after discharge and reestablished credit or proof of solid credit history with all of the following, phone, cell phone, cable, electric, and or gas bill. Also pay your rent with checks so that can proove how well you have paid your rent. It’s always better if you can rent from an apartment complex rather than individual. I am a mortgage banker since 1994 if you have questions e mail me at I lend nationally in all 50 states.

]]> By: lilpuppy6 http://creditopics.com/creditbuzz/credit/how-long-after-bankruptcy-can-my-credit-be-good-enough-to-get-an-apartment-or-a-loan-for-a-home/comment-page-1/#comment-9220 lilpuppy6 Thu, 14 May 2009 05:26:25 +0000 http://creditopics.com/creditbuzz/credit/how-long-after-bankruptcy-can-my-credit-be-good-enough-to-get-an-apartment-or-a-loan-for-a-home/#comment-9220 Apartments, it depends on the managing company, I know peopel who were approved for apt 30 dasy after discharge. They Aparmtnet management gave more importanc eto yoru income than anythign else. You just haev to start callign around "before" you file bankruptcy, so atl least you know where yo uwill be moving to afterwards. Godo luck. BONUS: "Rent to own", or "Lease to purchase", or "land contract" houses can be had 1 day after discharge, because they don't use credit as a criteria for ownership. Local newspaper always have these advertised, or check around with local real estate agents. Its a way to get into a home asap, while you take your time "fixing" your credit. Good luck. FYI..Bankruptcy is NOT the end of the world, it's NOT as bad as people make it out to seem..there are some things you should NOT do right after Banktruptcy (apply like crazy for new credit) but all in all you will be fine.
Apartments, it depends on the managing company, I know peopel who were approved for apt 30 dasy after discharge. They Aparmtnet management gave more importanc eto yoru income than anythign else. You just haev to start callign around “before” you file bankruptcy, so atl least you know where yo uwill be moving to afterwards. Godo luck.
BONUS:
“Rent to own”, or “Lease to purchase”, or “land contract” houses can be had 1 day after discharge, because they don’t use credit as a criteria for ownership. Local newspaper always have these advertised, or check around with local real estate agents.
Its a way to get into a home asap, while you take your time “fixing” your credit. Good luck.

FYI..Bankruptcy is NOT the end of the world, it’s NOT as bad as people make it out to seem..there are some things you should NOT do right after Banktruptcy (apply like crazy for new credit) but all in all you will be fine.

]]> By: MI6 http://creditopics.com/creditbuzz/credit/how-long-after-bankruptcy-can-my-credit-be-good-enough-to-get-an-apartment-or-a-loan-for-a-home/comment-page-1/#comment-9219 MI6 Sun, 10 May 2009 19:06:23 +0000 http://creditopics.com/creditbuzz/credit/how-long-after-bankruptcy-can-my-credit-be-good-enough-to-get-an-apartment-or-a-loan-for-a-home/#comment-9219 right away, some credit card companies start sending you offers within the first couple of months. go to and read an article about credit.
right away, some credit card companies start sending you offers within the first couple of months. go to and read an article about credit.

]]> By: oosmurfette53oo http://creditopics.com/creditbuzz/credit/how-long-after-bankruptcy-can-my-credit-be-good-enough-to-get-an-apartment-or-a-loan-for-a-home/comment-page-1/#comment-9218 oosmurfette53oo Thu, 07 May 2009 15:19:22 +0000 http://creditopics.com/creditbuzz/credit/how-long-after-bankruptcy-can-my-credit-be-good-enough-to-get-an-apartment-or-a-loan-for-a-home/#comment-9218 Hi! I recently got discharged as well. It isn't as bad as people make it sound. You can still get loans for vehicle and houses. Banks will loan you money because they know they will get it back, being you cannot file again for 6 years and therefore will be forced to pay. They also give a higher interest, cause they know you will probably take what you can get. It will stay on your credit report for 10 years. Even though some say 7, it's more like 9 yrs. 8 months. A good idea for a house is to get into one of those homeownership programs if available in your area. Most match you $1-$2 for every $1 you put in. Or I have heard that if you put 25% down on a house or a vehicle, you will get a loan with a decent interest rate. Don't think there isn't anyone out there that will take a chance on you. Just look for a company that specializes in bankruptcy.
Hi! I recently got discharged as well. It isn’t as bad as people make it sound. You can still get loans for vehicle and houses. Banks will loan you money because they know they will get it back, being you cannot file again for 6 years and therefore will be forced to pay. They also give a higher interest, cause they know you will probably take what you can get. It will stay on your credit report for 10 years. Even though some say 7, it’s more like 9 yrs. 8 months. A good idea for a house is to get into one of those homeownership programs if available in your area. Most match you $1-$2 for every $1 you put in. Or I have heard that if you put 25% down on a house or a vehicle, you will get a loan with a decent interest rate. Don’t think there isn’t anyone out there that will take a chance on you. Just look for a company that specializes in bankruptcy.

]]> By: Curiously http://creditopics.com/creditbuzz/credit/how-long-after-bankruptcy-can-my-credit-be-good-enough-to-get-an-apartment-or-a-loan-for-a-home/comment-page-1/#comment-9217 Curiously Tue, 05 May 2009 00:52:08 +0000 http://creditopics.com/creditbuzz/credit/how-long-after-bankruptcy-can-my-credit-be-good-enough-to-get-an-apartment-or-a-loan-for-a-home/#comment-9217 It used to be 7 years but nowadays its much less... My mother declared bankruptcy about 5 years ago..and she gets credit card offers all the time and even got some already...and they started coming in about three years after she declared bankruptcy....and her FIFO score has been getting higher and higher is now at around 650 which isn't to bad with that on your record...
It used to be 7 years but nowadays its much less… My mother declared bankruptcy about 5 years ago..and she gets credit card offers all the time and even got some already…and they started coming in about three years after she declared bankruptcy….and her FIFO score has been getting higher and higher is now at around 650 which isn’t to bad with that on your record…

]]> By: spade_242 http://creditopics.com/creditbuzz/credit/how-long-after-bankruptcy-can-my-credit-be-good-enough-to-get-an-apartment-or-a-loan-for-a-home/comment-page-1/#comment-9216 spade_242 Mon, 04 May 2009 11:53:23 +0000 http://creditopics.com/creditbuzz/credit/how-long-after-bankruptcy-can-my-credit-be-good-enough-to-get-an-apartment-or-a-loan-for-a-home/#comment-9216 About a domicile, I'm not sure. I do know you can't get a checking acct for like 7 yrs!!! eeeeekk don't do it, man.
About a domicile, I’m not sure. I do know you can’t get a checking acct for like 7 yrs!!! eeeeekk don’t do it, man.

]]> By: Erica B http://creditopics.com/creditbuzz/credit/how-long-after-bankruptcy-can-my-credit-be-good-enough-to-get-an-apartment-or-a-loan-for-a-home/comment-page-1/#comment-9215 Erica B Sat, 02 May 2009 22:40:46 +0000 http://creditopics.com/creditbuzz/credit/how-long-after-bankruptcy-can-my-credit-be-good-enough-to-get-an-apartment-or-a-loan-for-a-home/#comment-9215 My mortgage guy told me companies won't even look at you until you're at least 3 years out from dicharge for a home loan. You might be able to nail down an apartment with a cosigner...
My mortgage guy told me companies won’t even look at you until you’re at least 3 years out from dicharge for a home loan. You might be able to nail down an apartment with a cosigner…

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