The point I was trying to make is that there is a misconception "out there" that in 2 years after a BK, all is going to be well. That's not true.I have not met any type of lender that isn't going to consider it when making their decision. I have credit cards - Providian and Discover. They charged me over 18% because of the BK. I have a used car loan at 14.95%. My wife and I consolidated our CC's thanks to a loan program through my wifes' employer and we had to do some real talking to get it.I hope that this does not sound judgemental...it sounds to me like a lender might perceive that you could (potentially) be getting back into the same mess. If you have 2 months take-home of unsecured debt - let's say for argument that's 10K, with 5K being your monthly take home - then two questions I'd expect a lender to have might be: "How do your savings/emergency funds stack up to that debt?"; and, "What sort of down payment can you make?" A lot of the time, these stories of 2 or 3 year post-bankruptcy home buying come with the proviso that the "fortunate" BK recoveree managed to save 20 or 30% of the home price for a down, which is no mean feat - I'm guessing it means that a lot of them had to *save* 1/3 or even close to half their take home, which means no car loan (they keep driving the clunker till it's a matter of safety, save to buy a reliable ugly duckling for cash), draconian budgeting and probably NO (or minimal - like a few hundred over a few months) REVOLVING DEBT.And I don't say this as a primadonna, my husband & I look forward to getting back on track after screwing up our financial life as well - it's just that anything that doesn't kill you, gives you a little rueful hindsight... ;-d
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