There is no question that a bankruptcy does affect your credit rating, and in fact tends to remain on your credit history file for about ten years.<\/p>\n
Just because there is a bankruptcy in a person’s credit history does not ultimately mean that they will never be able to buy a home after a lender does a credit check. While a bankruptcy notation does stay in a file for about ten years, it doesn’t mean that some form of credit isn’t available to people in this situation.<\/p>\n
“In fact, and this is interesting,” said Chicago bankruptcy lawyer Jay F. Fortier, P.C.,” there are various creditors who deliberately search out people who have been through a bankruptcy simply because they now have a clean financial slate, and that would mean it would be easier to make monthly payments.”<\/p>\n
While this may seem a bit perverse, offering more credit to someone who has just gone through (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" There is no question that a bankruptcy does affect your credit rating, and in fact tends to remain on your credit history file for about ten years. Just because there is a bankruptcy in a person’s credit history does not…<\/span><\/p>\n