Hello, just wanted to know if I can expect a high interest rate after filing bankruptcy and have been. Discharged since October?
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Pretty good bet the rate will be high. The plan many follow is to either wait as much as a year before applying for a loan, or, take the loan out at a high rate and then refinance after a few months.Chapter 13 (not 100%):- Burned: AMEX, Chase, Citi, Wells Fargo, and South County Bank cum Bank of Southern California
- Filed: 26-Feb-2015
- MoC: 01-Mar-2015
- 1st Payment (posted): 23-Mar-2015
- 60th Payment (posted): 07-Feb-2020
- Discharged: 04-Mar-2020
- Closed: 23-Jun-2020
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I waited 6 months after discharge and got 7.49% from a credit union. That was in 2010 and wasn't really that high over average.Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
Status: (Auto) Discharged and Closed! 5/10
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Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.Comment
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