The answer to your question as you have posed it is "no." Unsecured personal lines for recent bankruptcies with low interest, no fees and extended payoff terms is not an option. You may be able to borrow from some lenders, but you will likely pay the max interest, high processing fees and be subject to the terms the lender sets, not the ones you want. Low interest, no fees, no collateral are all the stuff of borrowers with great credit scores.
Borrowers with perfect credit can shop for low-interest, unsecured loans with no fees and an extended payoff. High-risk borrowers with poor credit and a recent bankruptcy do not have that luxury.
The amount of interest you pay depends on the institution that you borrow from. You will usually pay more on an unsecured personal loan than a secured one.
What the interest rate is and loan agreement
If your bankruptcy was "discharged" in 2000, then yes. Discharged means it is done! If you are still in a chapter 13 bankruptcy, still paying the trustee--then no. If the trustee finds out about the CD, it will cause lot of problems.
An unsecured loan is risky for many reasons. You may pay more interest, or if it is with someone you know maybe no interest. Read the terms and conditions you agreed to.
Shop around for be lowest interest rate
There are many different online sites where a person can compare the interest rates on unsecured personal loans; some of these online sites include LendingClub, Bankrate, and Prosper.
The interest rates on an unsecured personal loan vary greatly from loan to loan. If your loan is through a Credit Union, it can be as low as 1.9%, whereas if it is a high-risk loan secured through a private business, the interest rate could be as high as 30% or more.
For basic personal unsecured loans, the maximum interest rate is 9% per year. For payday loans, the maximum effective interest rate may not be more than 75% of the principal (additively including renewals for which 6 are allowed by the state)
Banks and credit unions are sources of unsecured loans. If you must take out an unsecured personal loan, shop around for the best interest rates, loan terms Here are some things to consider before getting a payday loan.
You will receive a letter that your bankruptcy is discharged. You can also call the bankruptcy court or the trustee and find out if it is final.
There are many financial companies that offer unsecured personal loans. Capital one offers unsecured personal loans. Also, Bank of America offers unsecured loans.
No. If you owe money to another base on a personal injury judgment against you then it is really not fair to that person for you to have the debt discharged in your bankruptcy proceeding. Civil settlements/judgments are in the category of nondishcargeable debts and will remain with you until you pay them!