Bankruptcy

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skimball

Bankruptcy

Post by skimball » Wed Feb 21, 2001 5:17 pm

Is there any help for a bankruptcy victim due to a failed business start???? Higher interest rates,maybe?????

Randy Eaton

RE: Bankruptcy

Post by Randy Eaton » Fri Feb 23, 2001 1:21 pm

Good question, You will need to put down 30% or more to qualify for a loan. Once the BK is two years or older you may qualify with only 20% down. Yes most banks will charge you an extra percent or more to get a loan. People with a recent BK will usually need a large down payment and pay higher %.

Randy Eaton

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