Upside Down Mortgage

Subprime Loans Still Available

Question: If you declared bankruptcy is it easy to obtain sub-prime loans?

Are subprime loans always available to anyone regardless of their credit history??? Thank You for your time

Answer: Lenders will closely scrutinize the loan application and will want to know some things such as:
Have you learned your lesson? Do you understand where you went wrong to make your credit as bad as it is? and...
What will you do with credit in the future?

The way they do find if you are truly repentant is to look at your monetary/credit behavior since the bankruptcy was discharged.
Also, lenders will want to know how long has it been since the bankruptcy and have you tried to rebuild your credit?

Are loans still being made? Part 2

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