answersLogoWhite

0


Best Answer

There are many restrictions that bankrupt people face when seeking to get credit, the most common one is that they would find that most banks would refuse them credit even if their current economy, is stable and healthy.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are some restrictions for bankrupt people if they seek to get credit?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Where can one find more information about major credit card companies?

The use of the online site of banks can give much of the information people seek on credit cards. These useful sites have major credit card companies they use & have the info you seek.


How does one get out of owing money to credit card companies?

To get out of owing money to credit card companies one can declare themselves bankrupt. To do this one must apply and bankruptcy court will decide and if successful one's debts are wiped. There are however a number of penalties so it is not something one should seek if possible.


What restrictions are the on the freedom of religion?

There are absolutely no restrictions on the freedom of religion in the United States of America. Anyone who claims there are restrictions are wrong and seek to cloud the lawful separation of church and state.


Can a cosigner sue a bankrupt borrower?

When you cosign you are taking on all responsibilities of paying that debt. If this person you loaned the money to is bankrupt then it's like getting blood out of a turnip. Going bankrupt means you don't have any assets or money. To be honest, most people (if in business) do have spare cash stashed away and also assets, so if this is the case please seek legal counsel. Good luck Marcy


How did monk start?

Monks come from people having a desire to live outside of the society or worldly restrictions and moral corruption of mankind and desire to seek a intimate relationship with God.


Where can one go to seek instant business credit?

One can go to seek instant business credit. One way is to find a local Jackson Hewitt in your area of residence. Another way is to go online and search for business credit bureaus that offer free business credit.


What are foundations of credit?

The National Foundation if Credit is responsible for helping consumers that seek credit counseling. The NCCC was established in 1951 and has 105 agencies throughout its company.


Who do I contact for Credit Card Consolidation?

If you have good credit, contact your bank and see about a debt consolidation loan. If not, seek out Consumer Credit Counselling Service (CCCS).


Credit unions differ from banks because they don't do what?

Seek to make profits


How can one solve Home Equity Loans for people with bad credit?

Ironically, bad credit isn't too much of an issue for Home Equity loans. Basically, people who seek a Home Equity loan put the equity of their house as collateral against the value of the loan they receive. Of course, it's generally not recommended for people with bad credit to take out any loans, unless they've taken credit counseling and have learned from their previous mistakes.


What sites let you get a credit check?

Annual Credit Report will offer you a free credit check so you can find out your credit score online. You can also try Credit Karma or Equifax if you would like to seek out other options to perform the credit check.


How can someone get a mortgage with a bad credit rating?

Firstly if you haven't already, obtain a copy of your credit history to check the details and remove any incorrect details which may be affecting your credit rating. If you still have a bad rating then seek advice from an independent mortgage advisor. There are specialist companies available who will arrange mortgages for people with bad credit ratings.