Apartment Leasing After Discharge
When going for a lease after receiving your discharge, is it hard to get a lease for an apartment afterwards? Or is there a minimal impact? I understand that this will be individual per the agency, but I am just looking for general information and experiences.
Answer:
One thing people forget about bankruptcy is they think it ruins their credit. This may not be so. Think of it this way... most debtors have way too much debt that people will not loan to them. When they receive their discharge, the bankruptcy is on their credit report, but they have no more debts and a lot more people are willing to loan to them because they cannot file for another 7 years plus they have no more payments to their other creditors, and they have more chance of being paid. Now some creditors may not see it that way, but that is a point a lot of people consider. I've heard this in the past, and wondered how true it really is? But if we look in the phone book (printed version) you'll see auto dealer will sell to people with BK and bad credit... at a higher interest rate I would venture to say.
| Bankruptcy FAQ Main Page | Do It Yourself Bankruptcy | Cost Of Bankruptcy | Business Bankruptcy | Bankruptcy Types | Bankruptcy Procedure | Bankruptcy Mortgage | Bankruptcy Law | Bankruptcy Info | Bankruptcy Forms | Bankruptcy Debts | Bankruptcy Court | Bankruptcy Chapter 11 | Bankruptcy Chapter 7 | Bankruptcy Alternative | Bankrupcty | Bancruptcy | Personal Bankruptcy Laws | Personal Bankruptcy | Life After Bankruptcy | Filing Bankruptcy |