Bankruptcy Information and Alternatives

Lenders have become more lenient in recent years in helping borrowers who recently had a bankruptcy get good mortgage loans. Our Credit Managers will help you get your credit history and credit scores raised as high as possible as soon as possible. The #1 way to help you recover from bankruptcy is to re-establish good credit, and there is no better way to improve your credit than to refinance your mortgage and rebuild good credit.

We have loan programs that go up to 90% of your property’s value even if you are 1 day out of bankruptcy. Even if you are currently in bankruptcy, we can help you buy your way out of it by using your home’s equity. Many times we can help you negotiate with attorneys and collectors to settle for less than what you owe in order to stop the bankruptcy process.

The biggest mistake borrowers make is that once they have had a bankruptcy, they quickly run up debt shortly after or continue to be late on their monthly payments. This is the time to realize that you either need to make more money, or manage your debts more wisely. One of our Credit Managers will work with you to devise a savings and debt management budget to keep you from having any future late payments or to help you keep more of your take home pay.

Many bankruptcy attorneys give bad advise as to what chapter to file, whether it is chapter 7, chapter 11, or chapter 13. We can help you either avoid bankruptcy, or design the best plan of action to recover from any of these types of bankruptcies. Remember, attorneys are LEGAL advisers, not FINANCIAL advisers. Their job is to protect you when you get into trouble with creditors. Our #1 goal is to help you design a budget and loan program to PREVENT you from getting into trouble with your creditors in the future.

We believe our employees to be a valuable asset to our borrowers. We have extensive training programs conducted by attorneys to help educate our staff to know every step of the bankruptcy filing and recovery process so that our loan programs and our negotiating methods benefit you. However, if your best option is to file for bankruptcy, our Credit Managers will consult several reputable attorneys before suggesting this option. This is only as a last resort, and as a customer service, will refer you to several helpful attorneys within our network free of charge.

Apply online today to recover from or avoid filing bankruptcy, or call 1-877-674-LOAN to speak with a Credit Manager today.