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If you include your house in a chapter 7 will you have a foreclosure and a bankruptcy on your credit report Will that make it harder to get another house in 2 years?

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2007-01-05 20:50:24
2007-01-05 20:50:24

No and yes. NO if you re-establish your cedit after 2 years. Usually with 3 more credit lines, with at least 12 months excellent payment history and i credit line over $3000. This will generally increase your credit to the mid 650's.. from experience. YES if you continue to make the same poor credit choice. So be careful and please do establish new credit but very wisely.

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