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YES It is possible to procure a loan under these circumstances. These type of transactions are often referred to as "predatory lending". The potential borrower needs to be extremely cautious before entering into any agreement. These lenders charge maximum interest rates and add on many fees and conditions. The borrower can be certain there will be precisely worded stipulations contained in the agreement. Those clauses will allow the lender to take quick, legal, and binding steps to appropriate property if there is the slightest default in terms.

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โˆ™ 2005-03-17 15:51:22
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Q: Are there any national lenders which focus on making loans to individuals in bankruptcy?
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Can you purchase a home while in bankruptcy?

You should not be purchasing anything while in bankrupcy. Most lenders require that the bankrupcy is completed before making a loan.


What looks worse on your credit report Late payments or a bankruptcy?

Bankruptcy looks worse on your credit report than a late payment. They will both drop your score quite a bit, but a bankruptcy lets your lenders know you gave up on the debts owed, so making it harder to get new loans. You can always try to contact the credit bureaus to try and dispute the negative listings and have them removed if possible.


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The process of making new individuals is called reproduction.


Chapter 13 bankruptcy be dissimisal?

You can get a Chapter 13 bankruptcy dismissal by asking your lawyer to ask the trustee for a dismissal. If you are having trouble making the payments, you can ask for you bankruptcy to be modified.


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YES, you can include it whether the payments are current or not.


What are the advantages of declaring bankruptcy to clear debts versus paying them off?

Chapter 13 bankruptcy is meant for individuals willing to pay off their debts within a period of 3-5 years. Chapter 7 bankruptcy is more like a fresh start and eliminates the legal obligation to pay most of ones debts. One should always consult with a financial advisor when making these decisions.


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I know of a company that approves 50-60 percent of applicants even with low scores. No fees involved. Contact: http://www.jensden.com/g.o/autoprt


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If you are in bankruptcy and its making things harder than before, are there any options available to me?

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