Getting a loan after you have filed bankruptcy may seem like a far-fetched pipe dream but it doesn’t have to be. You may be wondering who which banks would lend to someone with a bankruptcy in their past? Well, the answer may surprise you – there are many lenders out there who will not only give you a bankruptcy loan, but they will also adapt the loans details just for you.
If you have ever watched TV then you will have heard the slogan “Bad credit, no credit, bankruptcy? No problem!” Well that is the truth. Take a look around and you will find that there are numerous lenders out there who are happy to give you a bankruptcy loan. There are many companies who only cater to someone who has gone through a bankruptcy. Why would any company specialize in loans to people with a bankruptcy? Because there are millions of people who file bankruptcy and they all need access to money.
You may be surprised to know that getting a bankruptcy loan is less about your past and more about your current situation. The criteria for a bankruptcy loan are fairly simple. The requirements generally include that you have an open, current checking account and that the account has been open for at least 90 days. They also require that you have been in your current job for at least four months. Lastly, they like to see that you earn at least $1,000 per month.
Most of us (even those of us who have filed bankruptcy) can meet these conditions. Applying for a bankruptcy loan is free and you have nothing to lose by investigating your options. Although applying for more than one loan at a time will hurt your chances of getting any loans at all, if you are sensible then you should not encounter any problems getting a loan after bankruptcy. If you need emergency money, don’t think that a past bankruptcy is standing in your way start your bankruptcy loan search today.