Buy A Home With A VA Loan After Bankruptcy

Buy A Home With A VA Loan After Bankruptcy

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Buy A Home With A VA Loan After Bankruptcy
Filing for Chapter 7 or Chapter 13 bankruptcy can crush your credit score, which is a key factor in getting pre-approved for VA loan. However, with some "seasoning" and good financial behavior, using your VA benefits to buy or refinance a home should …
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7 times when bankruptcy can make sense

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7 times when bankruptcy can make sense
Common scenarios when bankruptcy should be seriously considered
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5 reasons why a nearly perfect credit score's not enough

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5 reasons why a nearly perfect credit score's not enough
It is possible to have an excellent score even if you filed bankruptcy in the past. For example, you could have filed six years ago and have behaved perfectly ever since. However, some lenders might still have a rule that prohibits anyone with a …
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Worst-Case Scenario: What Does a Late Payment Do to My Credit Score?

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Worst-Case Scenario: What Does a Late Payment Do to My Credit Score?
You can go here to see what a worst-case scenario bankruptcy could do to your credit.) However, Paperno said, a consumer could see their score return to its pre-late-payment days in a few years. In a worst-case scenario, one late payment will lead to …
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Obamacare Seems to Be Reducing People's Medical Debt

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Obamacare Seems to Be Reducing People's Medical Debt
Even if you lack health insurance, you'll probably be able to get treatment at a hospital in the event of a catastrophe — you're struck by a car, say. But having insurance can mean the difference between financial security and financial ruin. A new …
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10 Things I Hate About Student Loans

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10 Things I Hate About Student Loans
Student loans are generally not dischargeable in bankruptcy. Most student loans do not go away with … But these loans often require parents to co-sign and tend to have higher interest rates, depending on your credit score. (You can view your credit …
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What happens if you lie on your credit card application

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What happens if you lie on your credit card application
And, of course, they take your credit score into account as well. The bank (I don't know … In another scenario, let's say you max out your credit cards, can't afford the payments, and want to file bankruptcy to have the debts discharged. If the bank …
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Hawai'i Ranks 14th in Financially Savvy States

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Hawai'i Ranks 14th in Financially Savvy States
These metrics included annual savings account averages to personal bankruptcy rates and credit card debt as a percentage of income. Hawai'i was ranked among the states with the highest credit score at number four, after Minnesota, North Dakota, and …
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Worst-Case Scenario: What Does Bankruptcy Actually Do to My Credit Score?

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Worst-Case Scenario: What Does Bankruptcy Actually Do to My Credit Score?
It's the big, bad boogeyman of credit scores: bankruptcy. A formal declaration that you are incapable of paying off all your debts as agreed. And while taking such action could spare you from paying off all — or at least some — of the loans that put …
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First-Time Home Buyers Guide: Getting A Mortgage When You Have No Credit

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First-Time Home Buyers Guide: Getting A Mortgage When You Have No Credit
For example, a first-time home buyer may not be able to show the same stable work history that a more experienced buyer can show; and a first-time home buyer not have as much money saved. But, perhaps, the biggest difference between a first-time home …
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Japanese Toyota Production Resumes After Steel Factory Explosion

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Japanese Toyota Production Resumes After Steel Factory Explosion
Toyota announced early this month that it would be halting production for six business days and a Sunday, following a January explosion at Aichi Steel Production. Aichi serves as a key steel supplier for Toyota's factories in Japan, and with the steel …
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Habitat for Humanity hosting free home ownership education classes

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Habitat for Humanity hosting free home ownership education classes
Getting started with making a plan for your money; The importance of saving; What is a credit score & credit rating; Improving your credit record. April 4th at 6:00 p.m – Getting a Mortgage Loan. Who can get a mortgage loan? How much will a lender loan …
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Unexpected Ways To Hurt Your Credit Score

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Unexpected Ways To Hurt Your Credit Score
There's a good chance you know the big line items that can tank your credit score — bankruptcy, foreclosures. But there are some other ways you may not be aware of. The exact effects will vary depending on your full credit profile but experts say you …
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Could A New Credit Scoring System Affect Your Ability To Borrow?

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Could A New Credit Scoring System Affect Your Ability To Borrow?
Recently I wrote about how your bankruptcy score, a rating that predicts the likelihood that you'll become insolvent, could affect your ability to borrow. This rating, just like your credit score, is created by Equifax and TransUnion and is based on …
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What Is a Credit-Builder Loan?

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What Is a Credit-Builder Loan?
Read More. What Is a Credit Score? How a Better FICO Score Leads to Better Retirement · The Best Personal Loans for Good Credit. We want to hear from you and encourage a lively discussion among our users. Please help us keep our site clean and safe …
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How to boost your credit score

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How to boost your credit score
There are many ways to boost your credit score, but prioritizing which debts to pay down first can make a difference. … And because student debt is not dischargeable in bankruptcy, your wages could be garnished if you don't pay up. The fact that you …
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Applying for a Credit Card After Bankruptcy

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Applying for a Credit Card After Bankruptcy
If a card doesn't report to at least one of the three major credit bureaus, positive activity on your account — such as making payments on time and keeping your balance low — won't improve your credit score. The more bureaus a card reports to, the …
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31 ways you're ruining your credit

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31 ways you're ruining your credit
Choosing to avoid credit after a bankruptcy can backfire. “When you do nothing after a bankruptcy, the credit score stays low,” Kelly said. Instead, get a secured credit card — which will have a credit limit based on an amount you deposit with the …
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Under the hood of the credit-score process

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Under the hood of the credit-score process
If you're not sure, pick up a copy of "Your Credit Score: How to Fix, Improve and Protect the 3-Digit Number that Shapes Your Financial Future" (FT Press, $26.99), by personal-finance author Liz Weston, who writes the syndicated column "Money Talk." Be …
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The Color of Money: Boost your all-important credit score

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The Color of Money: Boost your all-important credit score
If you're not sure, pick up the Color of Money Book Club selection for this month, "Your Credit Score: How to Fix, Improve and Protect the 3-Digit Number that Shapes Your Financial Future" (FT Press, $26.99), by personal-finance author Liz Weston, who …
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For Older Borrowers, Being Thrifty Can Tarnish a Credit Score

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For Older Borrowers, Being Thrifty Can Tarnish a Credit Score
One factor that usually favors older people is credit score, which is based on “propensity to repay a debt, regardless of your income or assets,” said Rod Griffin, director of public education at Experian, one of the three large companies that report …
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Understanding your credit score and how to raise it

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Understanding your credit score and how to raise it
If you're not sure, pick up this month's Color of Money Book Club selection, “Your Credit Score: How to Improve the 3-Digit Number That Shapes Your Financial Future,” by personal-finance author Liz Weston, who writes the syndicated column “Money Talk …
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Understanding Conflict Abroad, Preventing Crisis at Home

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Understanding Conflict Abroad, Preventing Crisis at Home
… school officials. Paul Burch's latest album is a tribute to Jimmie Rodgers, an American country/folk and bluegrass musician. On this week's Please Explain, learn how to avoid the most common financial scams and how to protect yourself from identity …
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In Detroit, people are urged to get a second mortgage when buying a house

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In Detroit, people are urged to get a second mortgage when buying a house
The city of Detroit, which filed for bankruptcy in 2013, has been desperate to revitalize neighborhoods and increase property-tax revenue. The latest problem, said Laurie Goodman, director of the Housing Finance Policy Center, a research group based in …
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Credit 360: Get your bad credit back in the green

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Credit 360: Get your bad credit back in the green
Buying a house or car may seem impossible if you have a bad credit score. Improving that credit score may seem intimidating, but there are ways to successfully turn bad credit around. Marco Salinas, President of Credit 360, has the insight and …
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I Have Ridiculously Bad Credit. Can I Get a Credit Card?

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I Have Ridiculously Bad Credit. Can I Get a Credit Card?
Most negative information stays on your credit report for seven years (bankruptcy may remain on your report for up to 10 years). And the sooner you start establishing and maintaining solid lines of credit, the sooner you can improve your credit score …
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Who You Might Vote For Based On Your Credit Score

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Who You Might Vote For Based On Your Credit Score
Ted Cruz supporters with a median score of 653. But similar to the the man they support, Trump fans have almost twice the bankruptcy rate as Cruz and Rubio supporters. Trump has filed four bankruptcies, all surrounding his casinos. Continue Reading Below.
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