Life After Bankruptcy • Southfield, Michigan, Attorney
Many individuals are afraid to file for bankruptcy because they believe they won't be able to get a loan afterwards. While bankruptcy will damage your credit rating, and it will become more difficult to find a loan for a certain period of time, you will still be able to borrow money.
In fact, getting loans after bankruptcy is the best way to help rebuild your credit rating so that you can qualify for more favorable loans in the future.
The law firm of Sheryl A. Shoebottom, PLLC, helps clients file for bankruptcy, achieve debt relief and is often able to help clients get loans after bankruptcy. If you are struggling with debt, call 888-343-9145 or contact the firm online to schedule a free initial consultation with attorney Sheryl A. Shoebottom.
How You Can Get a Loan After Bankruptcy
To get a loan after bankruptcy, all you need to do is find a creditor willing to lend to you. You may have to deal with higher interest rates than normal, but you will still be able to find reasonable terms. Just get out and look.
And you can afford to shop around. You don't have to take the first loan offered to you if the terms aren't reasonable — and it's very likely that you will be offered unreasonable loans. However, you may have to wait. Many lenders — including the Federal Housing Authority (FHA) — are willing to give loans to individuals in as little as two years after they file for bankruptcy.
Continuing Service From Sheryl A. Shoebottom, PLLC
The law firm of Sheryl A. Shoebottom, PLLC, will often follow up with clients months after filing for bankruptcy to find out if they need assistance finding loans. If you are unable to find a lender, the firm may be able to connect you with one.
To learn more, or to discuss your case during a free initial consultation with lawyer Sheryl A. Shoebottom, call 888-343-9145 or contact the firm online.
"We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code."
