April 14, 2020 By:
The first thing to understand is that your credit score, while almost always a factor in a lender’s decision-making, is often only one of a number of criteria used to determine your eligibility for a loan. If you can show a lender that the factors leading to your bankruptcy were unforeseeable and uncharacteristic, you may qualify. For example, it will help if you can show you consistently paid all bills in a timely manner before the circumstances that led to bankruptcy.
In addition, a lender is likely to look at what you’ve done since filing for bankruptcy. Have you honored all the terms of your bankruptcy? Have you refrained from unnecessary purchases? Are you paying bills in a timely manner now?
There also are steps you can take to rebuild your credit:
At the Law Offices of Carrie Weir, all potential clients are entitled to a free initial consultation. I am currently communicating with clients by phone, text message, and videoconference. To arrange an appointment, contact my office online or call 972-772-3083. I handle personal bankruptcy filings throughout Rockwall County, Texas, including the cities of Rockwall, Heath, Greenville, Lavon, Wylie, Mesquite, and Rowlett.