Bankruptcy, foreclosure, and your credit history
Bankruptcy and foreclosure are hard enough to go through without taking into account the negative effect they have on your credit history. After bankruptcy/foreclosure Once the bankruptcy or foreclosure process is complete you can begin the journey of credit repair. Though it will be hard to get credit or loans, it is not impossible. There are lenders willing to loan to those who have recently gone through bankruptcy or foreclosure although interest rates are normally higher. If you're looking to buy a home, expect to wait at least 2-3 years before banks will consider a home loan. If the required 7-10 years are up and the bankruptcy or foreclosure is still showing up on your credit history you can demand that it be taken off. Business, real estate, and bankruptcy law and litigation news brought to you by mbblegal**** Source: ivn.us/2014/05/01/long-will-bankruptcy-foreclosure-stay-credit-report/
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