Most debtors do not qualify for Chapter 7 bankruptcy, however, because they do not have
enough qualifying assets to cover their bills.
Not exact matches
While I generally consider this advice to be wise, especially for inexperienced investors who should probably opt for something like an index fund, working with a
qualified advisor or, if they are wealthy
enough, an
asset management group, the problem comes from the fact that if you find a truly outstanding business — one that you have conviction will continue to compound for decades at rates many times that of the general market, even a high price can be a bargain.
Another way to
qualify for a conforming loan with a lower credit score is to save money: Fannie Mae's eligibility matrix drops the minimum credit score by 20 points if you can show that you have
enough assets to cover 2 to 6 months of monthly mortgage payments.
So maybe you're worried that you don't earn
enough or have
enough assets to «
qualify» for their help.
Another way to
qualify for a conforming loan with a lower credit score is to save money: Fannie Mae's eligibility matrix drops the minimum credit score by 20 points if you can show that you have
enough assets to cover 2 to 6 months of monthly mortgage payments.
However, if you have
enough assets already with a brokerage, linking the accounts may give
enough to
qualify for cheaper commissions and waive the fees.
I haven't yet done it but I assume if I go in to ask for a business line of credit that my credit score is too low to get a good rate, i don't make
enough (just left my 9 - 5 job), and I don't have
enough assets to
qualify for anything substantial.