User:ChampagneDann787

It is a common conception that obtaining a refinance loan following filing a bankruptcy is really tough. But you can avail a property loan provided you pay the interest at a slightly higher rate. Usually, lenders do not choose taking the threat of supplying mortgages to a person who has filed bankruptcy. But there are the subprime lenders who can provide you loans at greater interest rates, occasionally even after six months of finalizing your bankruptcy.

Filing a bankruptcy case impacts your credit status as it reflects your inability to spend down your debts. A Chapter 7 Bankruptcy stays in your credit report for at least 7 years whereas Chapter 13 Bankruptcy is featured in the report for 10 years. But this does not mean that you wont be getting credit the only point is that you wont qualify for a reasonable rate.

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