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debt

A bankruptcy timeline

Debt Management 2006

Bad credit

 When your credit rating is in a deep hole it's tough to get a good foothold.
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What happens before, during and after bankruptcy
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2yearsPurchase home
 
A home can be purchased 18 to 24 months after a personal bankruptcy discharge, depending on a positive credit history.
Interest rates may be an estimated 2 points to 3 points higher than conventional rates.
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Home Equity Averages
Product Rate +/- Last week
$30K HELOC
4.99% 5.00%
$30K home equity loan
6.19% 6.21%
$50K HELOC
4.56% 4.58%
$75K home equity loan
5.97% 6.01%
View rates in your area:
Your credit report has a long memory. Here's how to get it to forget your checkered past.
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