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Do Lenders consider the 5 years of repayment on a Chapter 13 as a good payment history?

by carlt308575 from , California. Jan 25th 2014 Reply


Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

Not per se... It is all about your credit report. How are those debts reporting (if at all). Good? Bad? A bankruptcy on your credit report is bad. Doesn't matter much if it was a 7 or a 13. On the other hand, you CAN potentially get a mortgage loan during a 13 if you've made the last 12 payments on time.

Jan 25th 2014
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Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,256 contributions

are you discharged from the bk 13?? i have a excellent loan officer/ mortgage banker in california my email is yourloanpartnerforlife@live.com linda

Jan 25th 2014
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

It all depends on the details of your situation. You definitely need to have been paying on time but you still need an acceptable credit score. If you are out of the Ch13 it is important to re-establish credit. pdumouchel@primelending.com

Jan 25th 2014
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