Bad Credit Agency

How long to repair credit after a bankruptcy to qualify for a home mortgage?

Please provide information about experiance or knowledge relating to the amount of time it takes to repair ones credit after a chapter 7 bankruptcy. All loans reaffrimed thru bankruptcy have always been on track and have remained current. Any info provided would be a great help. Thanks

Public Comments

1. 2 years as of now FHA 4 years as of now Fanny, Freddie but all of that is subject to change I am a mortgage banker in TN & KY
2. 7 yrs!!! and it also depends on what chapter, you might want to look for a credit repair company they can probably repair your credit in a matter of 6 mths, an charge like anywhere from 800-1200 dollars, but in your case it might be worth it!!
3. 10 years..........tom
4. You can qualify for basically whatever you want immediately after bankruptcy. If you have enough money for a larger than average down payment a bank will be willing to work with you. Of course, if you have enough money for that the IRS may decide to look into your bankruptcy a bit. The bankruptcy will be on your record at least 10 years after you file - I am speaking from experience on this matter. I filed in 1999 and it is still there....But, I have more credit now then I did when I filed then. If you are a man it is easier for you to rebuild your credit. I don't know why this is, but it is the truth. Good luck to you, bankruptcy is not fun, but sometimes a clean slate is the only way to go!
5. Hi, I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.I came across this company on NBC News Special Edition.Check it out here: http://urlhawk.com/29x