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Originally Posted by Forest
how much worse is it to declear bankruptcy to clear all the debit
that is an option im looking into
will that make possibilities worse?
even with the shit loan u eluded to above can someone like me still get a high risk high interest rate loan?
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There are some lenders that will take you on right after you leave the bankruptcy hearings. Bankruptcy for 13k is crazy IMHO. Ya you can get a loan but the bankruptcy will haunt you for 7-10 years making it nearly impossible to improve your loan situation a few years down the road. Look all your gonna get is a shithole 2/28 or 3/27 subprime loan at 9-10-11% with a 6 month prepay penalty, also if your payment is due on the 30th of each month these are the fuck lenders that call you on the 29th asking if you sent the money. Its absolutely brutal. I have seen many people like yourself in the same situations, that say ya I will take the 2/28 at 9% fix my credit and get out of it. 9 out of 10 people never do and once the 2 year mark rolls around your mortgage payment went from 1500 to 1850 a month cause your stuck and cant make a move.
