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A credit builder loan is a product designed to help people re-establish credit after going through a significant event like bankruptcy. It lets you borrow a small amount of money and build credit ...
While it wipes out your old debt, bankruptcy stays on your credit report for seven to 10 years, hurting your long-term chances of qualifying for a mortgage or other credit. After bankruptcy, you ...
Rebuilding credit post-bankruptcy is quite doable with patience and the right steps. Read on for proven ways to start fresh and regain strong credit.
The following is a primer on how to rebuild your credit based on tutorials for post-bankruptcy credit repair from ... the lender deposits your money — usually $300 to $1,000 — into a savings ...
2. Personal or unsecured loans. After credit cards, prioritize paying off personal and unsecured loans next. These loans have an average interest rate of 11.92%, but rates can go up to 35.99% ...
Chapter 13 bankruptcy: Chapter 13 allows a distressed debtor who has regular income, and total secured and unsecured debt of no more than $2,750,000, to maintain control of their assets while ...
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