If you have recently filed for bankruptcy and are trying to secure a loan, then do not be deterred by your recent financial history. This brief informational video provides viewers with an overview of why many lenders consider individuals in your position to be good candidates for a variety of loans.
When you consider what this bankruptcy expert has to say, your eligibility for numerous loans makes sense. Your credit score may not be that impressive, but your debts have recently been discharged and you are unlikely to get into more debt that you cannot afford to get out of. As long as you are honest with prospective lenders about your bankruptcy and make a concerted effort not to let your debt-to-income ratio get too high, you should not have much trouble finding a lender who is willing to work with you.