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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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Related questions

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.

What is the process called of making new individuals?

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.

If you are planning to file bankruptcy can you stop making payments on your credit cards?


If you file for bankruptcy and you cosigned for someone can the car loan be included in the bankruptcy if the person is not making their payments?

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.

The process of making new individuals?


Are there any lenders which focus on making loans to individuals with bad credit and past due loans?

I know of a company that approves 50-60 percent of applicants even with low scores. No fees involved. Contact:

What is the purpose of residential lenders?

Residential lenders provide mortgage loans to people purchasing homes. Residential lenders are an important part of making home ownership possible because they provide loans to people who might not have the cash upfront to pay for a home outright.

When is it necessary to declare bankruptcy?

It is necessary to declare bankruptcy when a person cannot afford to continue paying for bills and other things they need. A person may declare bankruptcy if their business is not making any money.

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

Depending on the type of bankruptcy you are in, you can drop out of it, often just by not making the required payments. Please note though that the bankruptcy will still appear on your credit reports for 10 years and you may have a hard time filing again, if you need to.

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