rajshukla
Joined: 03 Jan 2012
Posts: 160
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 Posted: Tue Jan 03, 2012 12:39 pm Post subject: hi |
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For the normal individual it takes about two years for them to get accepted for a home loan after bankruptcy. And this is the soonest possible time in which this can happen; it is an industry rule for companies not to issue a loan before that particular time. But this time is definitely perfect for the individual's as well, and in two years time you will have gained a better your credit score, the reason for the two year period is that the lenders want to see you building good credit and not having any debt owed to... The limits that credit card companies today offer are very easy to exceed depending on the current situation of the person and how the cards are used by individuals. Various people use the credit card as a brace to help with income, for instance it maybe a water heater or an engine. As these situations are raised at the moment they will be put on the card and charged with the in tension to pay the debt in long term.
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