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Title: Buying a Home After Bankruptcy - April Randle Law

Meta: Bankruptcy can be devastating, but buying a home is not totally out of the
picture. April Randle Law can help you get back on track.
Headline: Buying a home after bankruptcy
Everyone can agree that filing for bankruptcy was never in their life plans. We
all know that it can be extremely devastating as it influences your home buying
plans, ability to borrow money, use a credit card, and credit score. No one will want
to let you borrow money when you are in that situation, at least not without
enormous interest rates. However, if you feel like youve hit rock bottom, just
remember that the only way out is up. It can only get better from here with proper
financial planning and patience. Not all is lost and purchasing a home in the near
future is possible.
Cleaning up and organizing your credit score
Buying a home is a big deal, and after bankruptcy you need to prove to
lenders that you are responsible and your past financial problems are all taken care
of. After bankruptcy, there are a few things that need to be done to help you take out
a home loan in the future. The first step is cleaning up and organizing your credit
report. Make sure your credit report is accurately portraying the outcome of your
bankruptcy. If there are debts that have already been paid but it does not show on
your credit report, call your credit agency and prove to them that it has been taken
care of. Check for mistakes and have them corrected. Remember that you are
entitled to a free credit report from each of the rating agencies.
How to start rebuilding your credit score
Now that you have cleaned up your credit report, you need to show lenders
that you can be trusted to pay back money that you owe. The fastest way to
effectively rebuild your credit score is to use secured credit cards and installment
loans.
It is hard to get an unsecured credit card coming out of bankruptcy so a
secured credit card is your best option. It provides you credit limited to the amount
you have on deposit with the issuing bank. For example, if you have $500 to put in
the account of the issuing bank, your credit will be limited to that deposit.
An installment loan is where a borrower makes installment payments every
month. The most important thing is making your monthly payments on time.
Installment loans can include personal, car, or student loans.
When you are trying to rebuild your credit score, make sure you are paying all
your bills on time and even early if you can. Be sure you do not max out your credit
cards and apply for too much credit at once.
The waiting process and applying for a mortgage
After your bankruptcy has been discharged, you need to exercise patience
and wait at least 24 months before you apply for a loan. This way, you wont be
charged outrageous interest rates and it will save you a lot of money. Make sure you
are prepared to apply for a mortgage by having money in the bank, no bounced

checks, and a stable job. Also, remember that a large down payment will be very
beneficial in the long run as it will keep your loans small.
If you are filing for bankruptcy and totally overwhelmed in your financial rut,
you can contact bankruptcy attorney April Randle. She is knowledgeable, caring,
and can help you overcome your financial stresses. Bankruptcy law is the only kind
of law the Randle Office handles, so you can be assured that you are in great care.
Let April Randle help you rise above your financial challenges and get back on the
right path so you can focus on what is most important in life.
Sources:
http://www.money-zine.com/financial-planning/buying-a-home/buying-a-home-afterbankruptcy/
http://www.realtor.com/advice/buy-home-bankruptcy/