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Bankruptcies
Destroys Your Credit, For (7-10) Years. |
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Most
financial institutions will not look at any credit application
that you might submit, until 3-5 years after a bankruptcy. If
any of your bills are paid late immediately following your bankruptcy,
it will eliminate you from any new credit consideration. |
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Bankruptcy
does not wipe out most mortgages on property. The law protects
properly executed security agreements on automobiles, and homes,
up to their value. |
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It
does not wipe out claims for alimony or child support. |
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It
does not wipe out most taxes. |
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It
does not wipe out government-insured student loans (becoming
payable in the past seven years). |
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It
does not wipe out claims arising from fraudulent representations
to obtain funds, or from willful injuries. |
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It
does not wipe out debts for substantial purchases made shortly
before the bankruptcy filing. |
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If
you file a bankruptcy; it may stay on your credit report for
up to ten years. |
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Let
us at 1st United Credit Counseling Services, help you change
your life. We can show you how to get out of debt, and stay out. |
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