Bankruptcy
Posted: 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?????
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