Purchasing property just after A bankruptcy proceeding bankruptcy proceeding: FAQ Pay all your own expense punctually along with complete Look at the 100 % free credit file on three significant credit reporting agencies usually and you will disagreement one thing incorrect Never accept consumer debt, such as for instance personal loans otherwise handmade cards, that’ll probably come with large rates Score a secure personal line of credit, eg a guaranteed bank card, that is recognized which have a deposit you pay in advance That have anybody you like cosign toward the latest lines of credit normally plus make it easier to meet the requirements more quickly and commence strengthening new credit. However, this plan comes with enough exposure, as co-signer is agreeing for taking more your brand new debts for folks who can not outlay cash. Incase the borrowed funds happens bad, their borrowing from the bank needs a knock, too. Providing that loan will be very hard for a couple of years once a personal bankruptcy, claims Reggie Graham, branch director getting Silverton Mortgage. He notes one homebuyers using immediately after A bankruptcy proceeding and you can Part thirteen personal bankruptcy can often predict big down-payment criteria and higher […]