If you want to apply for a mortgage after bankruptcy, you will have to wait around two years for most lenders to consider your application. It is a great idea to use these two years to work at improving your credit rating to make you a more attractive prospect to lenders when the time comes.
There are a few simple steps to making sure your credit report and credit rating are in good shape. Firstly, after your bankruptcy discharge date, obtain a copy of your credit report and go through it with a fine toothed comb. You may well find that accounts are still showing as open and in arrears when in fact they were included in your bankruptcy and..........................
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