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If you have bad credit and filed bankruptcy about seven years ago is there a lender who would let you borrow about 25K to build a church and some personal expenses if you can put 10 percent down?
Wiki User
∙ 13y ago
Bad credit lenders would be willing to help you. However, it is up to every lender to decide whether you meet their lending requirements, the previous bankruptcy might be a problem. More deposit might make a difference. Also, since its for a good cause, you may be able to get the loan from a non-profit lender, thus costing you less.
You can talk to lenders who are specializing the loan. Maybe they can have some percentage down.
Wiki User
∙ 13y ago
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What are the negative effects of personal bankruptcy?
The bankruptcy proceedings remain on your credit record for 10 years. During this period, it is very difficult to reestablish credit and borrow funds for items such as a new car or home.
Why do firms invest and borrow?
Firms invest in order to make dividend and interest income when they have an excessof money over current operating expenses.Firms borrow to pay bills when they have an excess of operating expenses over the cash available.
Can you still get a student loan if your tuition and mandatory fees are already paid?
Yes. You may be able to borrow up to the "cost of attendance", which can include living and transportation expenses.
How does a personal loan work?
You borrow money on your reputation and credit history and may not have to put up any booty as collateral.
What does 10 percent mean in money?
Ten percent in money means ten percent of the total amount. For example, if you borrow $5,000 at ten percent interest, $500 will be added to the total you owe because $500 is ten percent of $5,000. You would, therefore, have to pay $5,500 to pay the loan back in full.
What are the effects of personal bankruptcy?
The bankruptcy proceedings remain on your credit record for 10 years. During this period, it is very difficult to reestablish credit and borrow funds for items such as a new car or home.
What are the negative effects of personal bankruptcy?
The bankruptcy proceedings remain on your credit record for 10 years. During this period, it is very difficult to reestablish credit and borrow funds for items such as a new car or home.
Can you get a loan after bankruptcy in Canada?
After filing for bankruptcy in Canada you may borrow money. The risk is borne by the creditor. During bankruptcy, after filing but prior to being discharged, you may obtain credit with a value of up to $1,000. without advising the creditor of your bankruptcy. Should you seek to borrow more than $1,000 you are obliged to advise the lender that you have filed for bankruptcy.
How does bankruptcy afact your credit?
you will pay high interest rates when you borrow money
Why firms invest and borrow?
Firms invest in order to make dividend and interest income when they have an excessof money over current operating expenses. Firms borrow to pay bills when they have an excess of operating expenses over the cash available.
What is the finance charge if it is 17.5 percent if I borrow 300 dollars?
What's the fiance charge if I borrow 300 dollars
Can you borrow against personal savings account?
Yes. You can always "borrow" against your own funds. You can apply for a loan or just withdraw the amount you need from your personal savings account.
Can you refinance your mortgage during bankrupcty?
No, you can't borrow any more $$$$ while you are in bankruptcy. Even on an existing loan. It is against the law.
Is it legal for parents to borrow their child's government student aid to pay household expenses even if that child is not living with them?
No it isn't
Why do firms invest and borrow?
Firms invest in order to make dividend and interest income when they have an excessof money over current operating expenses.Firms borrow to pay bills when they have an excess of operating expenses over the cash available.
If you borrow 1000 at 7.5 percent interest for 12 months ch interest will you pay?
14
Are you still eligilble for college financial aid if you owe child support and federal tax money?
Possibly. But, it sounds like you need to get a survival job to pay these obligations off before you borrow more money. None of these expenses would ever be something you could get rid of in bankruptcy. There are lots of good non-profit credit counseling companies and you should take advantage of their advice.
