Property owner (s) must not have had
any active bankruptcies within the last three years, and the property must not be an asset in an active bankruptcy.
According to the Educational Credit Management Corp., a guarantee agency that manages the student loans of federal borrowers with
an active bankruptcy filing, about 72,000 federal student loan borrowers filed for bankruptcy in 2008, but only 29 succeeded in obtaining a full or partial discharge of their loans.
We look to see if you are in credit counseling, have
an active bankruptcy or if you have any other title loan and the status of it.
We do check your credit report but only to ensure that you are not currently in
an active bankruptcy or undergoing credit counseling, not to judge you by using a mere number.
You may not be approved for the card if you have
an active bankruptcy in the courts.
We do not provide loans to individuals that have
active bankruptcies.
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No active bankruptcies — You must own your home for no less than 6 months.
Bad credit is OK as long as you do not have
an active bankruptcy.
Since many employers are now doing credit checks,
active bankruptcies can also hurt your chances of getting hired for certain jobs.
Although not impossible, getting approved for certain of loans and credit will be hard if you have
an active bankruptcy.