Life has changed forever.
You can no longer get finance easily.
You has the stigma of bankruptcy on credit reports FOREVER.
All lending institutions are very guarded when it comes to lending you money.
Some would say rightly so!
Remember three years is discharge, but the home loan lenders will not look at you until you have been out of bankruptcy for at least five years.
Unless you have 20% deposit, plus expenses. Depending where you live that is a sizable sum to have saved.
It's not all gloom for the discharged bankrupt.
One answer is to BUDGET & SAVE SAVE SAVE.
Two words which have you cringing at the thought.
Well sorry but there is no other way.
So I will go into detail over the coming weeks about how to budget and achieve savings.
No comments:
Post a Comment