Posts Tagged ‘bankruptcy’
Best answer from question by Scott S:
Answer by UnknownX
Yup, but you won’t be able to buy a car, a house, or use credit cards for over 7 years.
I definitely wouldn’t recommend it.
Best answer from question by kleo:
Answer by Robert M
you could always credit hack for a while until u decide
this basicaly means that you sign up to lots of credit card companys that give like a 6 month interest free period, and when that one finishes you then go to the next, theres like hundred of companies out there so in thoery you could do this with the debt u have for 100 years or so
if i were you read into it + remember everytime you swap cards they charge you a transfer fee, normaly about 2%
Best answer from question by Heidi M:
Answer by Spiky Sandy
Because so many people default on their student loans, the government is very hesitant to give them out to people declaring bankruptcy. Bankruptcy is a legal way of defaulting on your loans to get out of paying them. I’m surprised you got a car loan, but I bet your interest rate is much higher than someone who didn’t claim bankruptcy.