0
almost all loans are based upon credit history. bankruptcy negatively affects credit history, therefore, it may make it more difficult to get a loan. Look for more info here: http://www.salliemae.com/
Wiki User
∙ 15y ago
Wiki User
∙ 15y ago== == Yes it can. A personal bankruptcy indicates that a person is a poor money manager, and any lender will be unlikely to want to lend to a bankrupt individual.
Add your answer:
Earn +20 pts
How does my poor credit and or bankruptcy affect my children getting student loans?
It does not affect them.
Can Home bancruptcy affect getting my insurance license?
Can a home bankruptcy affect getting my insurance license?
How does bankruptcy affect student loan wage garnishment?
Government insured student loans are exempt from the Bk process. They must be paid. However, they will not collect money from you until the bankruptcy is dismissed or discharged, but it will still accrue interest during that time.
Will a bankruptcy affect getting your insurance license?
In the State of Georgia, it probably doesn't. However, it does affect the ability to get insurance contracts and advances.
Can you get a student loan if you have filed bankruptcy?
I am trying to figure this out myself as I have recently filed bankruptcy and both my husband and I are students. There is a portion of the bankruptcy code that makes it illegal for government agencies to refuse student loans to those who have filed bankruptcy. So, as far as getting Title IV funding, such as government backed loans, you should still be able to get them. Title IV loans are not granted based on credit worthiness and therefore should be given to those who have filed banlruptcy, as long as there are no other eligibility issues, such as a student loan in default, drug conviction, etc. If you want to get a loan from a private lender, then they are under NO obligation to give you a student loan if you have filed bankruptcy or have other credit problems. For example, the Plus! loans that are available to parents are based on creditworthiness, so a bankruptcy would affect your ability to get this type of loan. As far as my student loan after bankruptcy, I did have to fill out additional paperwork and am still awating the results. I will post again after I find out what happens.
Does a default in child support affect a student from getting financial aid?
Yes it does affect the child from getting financial aid.Mainly because you are a defaulter.
Does getting divorced change filing bankruptcy?
No, your relationship status does not affect your bankruptcy proceedings but if you filed as a couple (as opposed to one individual to the marriage filing) things can get complicated when it comes to debts, etc.
Can bankruptcy affect your IRA?
NO
Does bankruptcy affect eic eligibility?
no
Can you buy a home under bankruptcy?
If our home is in foreclosure,and never reaffirmed the debt through chapter 7-how will it affect us getting a home?
How would bankruptcy affect a license to sell insurance?
Bankruptcy would not affect your license to sell insurance in any way. It does not affect your ability to continue to make money.
Where can you find information about corporate bankruptcy laws?
Does corporate bankruptcy affect personal credit?
