Sentences with phrase «bankruptcy are eligible for loan»

In rare cases, people who file for bankruptcy are eligible for loan forgiveness as well.

Not exact matches

Obtaining an auto loan after bankruptcy discharge is one of the best ways to help you rebuild your credit score, and even if you have not completed the bankruptcy process you're still eligible for an open bankruptcy auto loan.

As seven years have passed, their credit histories have been wiped clean of the bankruptcy and they are now eligible for housing loans.

With these two years of credit repair that you have just undertaken, you will now be eligible to apply for credit cards, loans, mortgages, or anything else that you may need to obtain after bankruptcy in Canada.

Also, those people with bad credit in the past as a result of bankruptcy and foreclosure can still be eligible for FHA Loans.

The first student loan reforms took place in 1976 as an amendment to the Higher Education Act and required that debtors wait five years from the beginning of their repayment period, or demonstrate undue hardship, before their student loans were eligible for discharge in bankruptcy.

So, even if you are saddled with things such as late payments, foreclosures, arrears and even bankruptcy, you should be eligible for such a loan.

Consumers who've experienced a bankruptcy or foreclosure may have to wait longer to be eligible for a conventional loan than they would for a government - backed mortgage.

The approval process for the PLUS loan is easier (I have witnessed some families with a bankruptcy in their past being approved — which is odd because bankruptcy in the past 7 years automatically precludes a family from being eligible?)

Borrowers who have a poor credit history such as those that include a bankruptcy or previous mortgage default may not be eligible for a mortgage loan at all until their credit standing and score improves.

In particular the issue that makes these private student loans so easily dischargeable in bankruptcy is the fact the school was not a «eligible educational institution» or that the loans were for a «qualified higher education expense.»

Even if you've had a recent bankruptcy or foreclosure, you may still be eligible for an FHA loan in certain situations.

To be eligible for a personal loan product, typically an individual must not have any accounts more than 60 days late; must not have active or recent bankruptcies; must not exhibit a pattern of late payments; must not have any debt that can not be covered by current income; and must not have any recently charged - off accounts.

To be eligible to file for Chapter 13 bankruptcy, an individual must have no more than $ 394,725 in unsecured debt, such as credit card bills or personal loans.

One combination solution to think about is to look at a Chapter 7 bankruptcy to deal with the credit card debt, get on an income drive repayment program for your federal loans and ask your bankruptcy attorney to look and see if any of your private loans are eligible for a quick discharge.

No problem with avoiding bankruptcy, student loans are not eligible for discharge, they are yours for life.

A: USDA loan guidelines state that if you have been discharged from a Chapter 7 bankruptcy for three years or more, you are eligible to apply for an USDA loan.

Students who file for bankruptcy may be eligible for loan forgiveness if they demonstrate that paying a loan off would pose an undue hardship.

If you are in a Chapter 13 bankruptcy and have made all court approved payments on time and as agreed for at least one year, you are also eligible to make an Kentuck USDA Loan application

It is our opinion at National Bankruptcy Forum that federal student loans should be eligible for discharge.

Criteria for USDA loan approvals state that if you have been discharged from a Chapter 7 bankruptcy for three years or more, you are eligible to apply for an USDA mortgage.

Up until last week, would - be homebuyers who had undergone foreclosure, declared bankruptcy, or undertaken a short sale had to wait years before they would be eligible for an FHA - insured mortgage loan.

But loans which were used for training or some types of education at organizations that were not eligible financial institutions may not be classified as student loans in a bankruptcy filing.

As bankruptcy attorney Craig Andresen says, «For example, perhaps you were not an «eligible student» at the time the private student loan was made to you; or maybe the loan was not incurred to pay «qualified education expenses»; or perhaps the loan was not for attendance at an «eligible education institution» because the school was not accredited under Title IV of the Higher Education AFor example, perhaps you were not an «eligible student» at the time the private student loan was made to you; or maybe the loan was not incurred to pay «qualified education expenses»; or perhaps the loan was not for attendance at an «eligible education institution» because the school was not accredited under Title IV of the Higher Education Afor attendance at an «eligible education institution» because the school was not accredited under Title IV of the Higher Education Act.

And if you've had a bankruptcy or foreclosure, you don» have to wait seven or 10 years before you're eligible for a VA loan.

All of that being said, it sounds like some of your private loans may be eligible for forgiveness in a Chapter 7 bankruptcy with an Adversary Proceeding filed.

You have issues based on if the loans are even legally collectible, may be eligible for reduction in bankruptcy, or even if the loans are able to be eliminated completely in a consumer bankruptcy.

You will still be eligible for a mortgage loan after bankruptcy if you have a reasonable explanation for your lack of funds.

If your mortgage loan was serviced by Countrywide Home Loans before July 2008 (and you went through default, foreclosure or bankruptcy at the time), then you may be eligible for a refund through this settlement.

The trend of getting student loans off people's books is so large and growing that CINgroup, which makes software to help lawyers prepare bankruptcy papers, plans to launch software that scans a client's student debt to see if any of it may be eligible for discharge.

To be eligible for the latest FHA home loan mortgage, borrowers must show that their foreclosure or bankruptcy was caused by a job loss or reduction in income that was beyond their control.

Right now, student loans are not eligible for cancellation by bankruptcy.

Debts which are not eligible for discharge are listed under the Bankruptcy Code 11 U.S.C. § 523 and include fraudulent Actions, student loans (unless payment will impose an «undue hardship» to such an extent that the debtor will not be able to maintain even a minimal living standard), child and spousal support, current tax obligations, and debts from willful and malicious injuries to persons or property or debts for personal injuries caused from the debtor's operation of a motor vehicle while under the influence of alcohol or drugs.

Remember that student loans are typically not eligible for discharge during bankruptcy proceedings.

Of interest is that, at the time of the bankruptcy, the bankrupt had ceased to be a student for 7 years and 4 months, so her student loans were eligible to be automatically discharged.

For a student loan, you may be out of luck, since they're rarely, if ever, eligible for bankruptFor a student loan, you may be out of luck, since they're rarely, if ever, eligible for bankruptfor bankruptcy.

For those struggling with overbearing debt, bankruptcy can be an intimidating option that is saved as a last resort; however, since 1998, student loan borrowers were not eligible for discharged student loans through bankruptcy until 2005, when Congress added an «undue hardship» condition, according to the Wall Street JournFor those struggling with overbearing debt, bankruptcy can be an intimidating option that is saved as a last resort; however, since 1998, student loan borrowers were not eligible for discharged student loans through bankruptcy until 2005, when Congress added an «undue hardship» condition, according to the Wall Street Journfor discharged student loans through bankruptcy until 2005, when Congress added an «undue hardship» condition, according to the Wall Street Journal.

You may be eligible for a VA loan once you're 12 months removed from filing for Chapter 13 bankruptcy protection.

Regardless of whether you've filed for bankruptcy previously, had accounts forwarded to collections or have lots of black marks on your credit report, you might still be eligible for an FHA mortgage loan.

Buying a home after filing bankruptcy in California requires a waiting period before being eligible to qualify for an FHA, VA, USDA, or Conventional home loan.

Borrowers that were previously considered ineligible for an FHA insured mortgage may now be eligible after an economic event which includes foreclosures, short sale, deed lieu, loan modification, and bankruptcy.