Credit Report for Those Considering Bankruptcy (cont.)
Contributed by Lisa Marie
It seems that when you file for bankruptcy, you become a very high risk as an employee, especially when you're going to be handling cash as part of your day to day routine.
I pressed on, constantly being questioned about it for everything.
In 2000, just six years after my bankruptcy, my family and I bought our first house. I didn't think that it would ever happen. Things didn't seem right; I couldn't get a credit card, but I could buy a house. Our interest rate was very reasonable, too. We went through a non profit agency for first time home buyers who were very understanding about my situation and that it happens all of the time. It still didn't make me feel any better, though.
If you can deal with questions about your bankruptcy on your credit report for ten years, then go ahead and file.
This past summer, I finally hit the ten year mark, and my bankruptcy came off of my report. I was smart in these ten years, and tried not to do anything stupid. I remarried and have two children. I now have a dog, an almost-picket fence, and a beautiful home on to acres of land in Southern New Hampshire, and better credit than my husband. But to this day, the only card I carry in my wallet is my debit card.
