Home - Mortgage Loans | Personal Loans | Bad Debt Loans | Foreclosure Loans
Apply for a Loan | Best Auto Loans | Best Bad Credit Auto Loans | Best Bad Credit Loans | Best Bill Consolidation Loans | Best Cash Advance Loans | Best Credit Cards | Best Credit Repair Tips | Best Debt Consolidation Loans | Best Free Credit Reporting Tips | Best Home Equity Loans | Best Mortgage Loans | Best Pay Day Loans | Best Personal Loans | Best Products on the Internet | Best Unsecured Loans
Great Financial Advice
Apply for a Loan
Latest Financial News
Rate Lock Advisory
Best Products
Join Our Mailing List
Contact Us
Loan Articles Index
Auto Loans
Bad Credit Auto Loans
Bad Credit Loans
Bill Consolidation Loans
Cash Advance Loans
Credit Cards
Credit Repair Tips
Debt Consolidation Loans
Debt Reduction Loans
Foreclosure Loans
Free Credit Reporting Tips
High Risk Loans
Home Equity Loans
Home Loans
Lawsuit Loans
Mortgage Loans
Pay Day Loans
Personal Loans
Products on the Internet
Real Estate Services
UK loans
Unsecured Loans
Loan Article Index
Loan Articles A-G
Loan Articles H-Q
Loan Articles R-Z
Mortgage Calculators
Mortgage Calculator
Mortgage Amortization Calculator
Rent vs. Buy Calculator
How Much Can I Afford Calculator
Auto Payment Calculator
Click here to Sign up for Email and Newsletter

 

redhotloantips fat loss


After Filing Bankruptcy: Qualifying For Credit And Loans

Written by: R. Lawrence Anderson

After filing bankruptcy, is it difficult to qualify for credit and loans?

While much will depend on your specific situation (credit score, income, age of bankruptcy, etc.), it doesn't have to be as difficult as some people make it.

In After Bankruptcy Credit Solutions, I detail a three step process readers can use after filing bankruptcy to increase their chances of credit approval.

There's not nearly enough room to cover each one in detail here, so I'll summarize each step:

1) Increase your credit score

If you plan on applying for credit after filing bankruptcy, increasing your credit score is critical. Why? First, it can mean the difference between being approved or declined for a loan. Second, if you can increase your credit score enough after filing bankruptcy, you may be able to get a lower interest rate on any loans you qualify for - which could save you up to $100s or even $1,000s in interest.

What steps can be taken that could help increase your credit score after filing bankruptcy? There are a number of them. One step is to have any inaccurate negative information on your credit reports corrected. You also want to make sure any obsolete negative information is removed from your credit reports. As for other steps that could help increase your credit score after filing bankruptcy, I'll save those for another article.

2) Know How the Credit Approval Process Works

Knowing how the credit approval process works is very important when applying for loan after filing bankruptcy. For example, what are the lender's criteria? Do they have a minimum credit score criteria? What about income? How much of an impact will your bankruptcy have?

After filing bankruptcy, you want to know the answer to these questions before you apply for credit. Knowing the answers in advance can help you find the lenders that will consider your application. There are other questions you can ask, but this at least gives you a starting point.

3) Know How to Apply for Credit and Loans

There are specific strategies you can use when applying for credit and loans after filing bankruptcy. For example, if you plan on financing a car, there are strategies you can use to increase your chances of being approved for the loan - and possibly save money on interest charges, and even on the car itself.

Here's another example: What if you want to buy a home after filing bankruptcy? Again, there are a number of strategies you can use to increase your chances of being approved - and potentially reducing the interest rate you pay. I go into detail on each one in After Bankruptcy Credit Solutions.

Qualifying for credit and loans after filing bankruptcy does not have to be as difficult as some people make it. In this article we looked at three steps you can take the next time you apply for credit and loans after bankruptcy to increase your chances of credit approval, and potentially reduce the interest rate you end up paying in the process.

Copyright © 2006 Innovative Solutions Publishing, Inc. All rights reserved.

The company and product/service names referenced in this article are the trademarks, registered trademarks or service marks of their respective owners. None of the owners have sponsored or endorsed this article.

DISCLAIMER:

This information is designed to provide only a general overview of the subject matter herein.

This information is provided with the understanding that neither the publisher nor author is engaged in rendering legal, accounting, or other professional advice. If legal or other expert assistance is required, the services of a professional should be sought.

Neither the publisher nor author shall be liable for any loss or damages, including but not limited to special, consequential, incidental or other damages, caused by the information contained herein.

About The Author

R. Lawrence Anderson is author of After Bankruptcy Credit Solutions, which shows individuals how to qualify for credit after filing bankruptcy http://www.bankruptcy-credit-solutions.com.


Other Related Articles:

Basic Home Loan Terms Explained
The wonderful world of home buying can sometimes overwhelm the first time homebuyer. They are inundated with information riddled with terms of art. ARMS, points, interest rates, good faith estimates, pay-downs, lock-in dates, so on and so forth. ...read more

Loan Payment Protection Insurance - Worth The Cost?
Nowadays, every time you apply for a loan you will most likely be offered payment protection insurance. If you are taking out a particularly large loan, the idea may seem very attractive. These insurance policies will take over repayments on your...read more

Get a Home-based Business Loan without a Business Plan
The phenomenal emergence of home-based business ownership has been astounding. The Small Business Administration (SBA) projects that by 2007, there will be over 2 million small business firms. Trends indicate that entrepreneurship is quickly...read more


Return to Home

468x60

Best Auto Loans, Best Bad Credit Auto Loans, Best Bad Credit Loans, Best Bill Consolidation Loans, Best Cash Advance Loans, Best Credit Cards, Best Credit Repair Tips, Best Debt Consolidation Loans, Best Debt Reduction Loans, Best Foreclosure Loans, Best Free Credit Reporting Tips, Best High Risk Loans, Best Home Equity Loans, Best Home Loans, Best Lawsuit Loans, Best Mortgage Loans, Best Pay Day Loans, Best Personal Loans, Best Products on the Internet, Best Real Estate Services, Best UK loans, Best Unsecured Loans
Subscribe to Mailing List | Private Policy | Unsubscribe | Site Map