Archive for June 21, 2006

Loan After Bankruptcy: Steps to Take Before You Apply

When it comes to a loan after bankruptcy, here are some steps you can take before applying which could increase your chances of qualifying.

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Unwrapping Bankruptcy

Bankruptcy is a choice many consider when faced with unmanageable multiple debts. But finance experts agree that declaring oneself bankrupt should be an indebted individual’s last resort to meet his dues. It may free a person’s mind from the pressure of paying his debts but it can also seriously damage the person’s morale and credit history for a long time. Aside from this, people who declared themselves bankrupt are often met with hostility by the people around them. But as an option to reduce financial burden, bankruptcy is still worth considering.

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