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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Debt Adviser

What does 'charged off' mean?

Dear Debt Adviser, A few years back, I had a credit card as well as a credit line with a store. I had an outstanding debt for some time, though I was eventually able to pay it. Now, on my credit report, those debts appear... Read more

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