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Question: Does bankruptcy affect my chance for a loan?

Answer: Possibly. It is harder to get a loan for unsecured debts (Visa cards, lines-of-credit, et cetera), but it may be possible to get a loan for a secured debt, such as a car, as quickly as six months after a bankruptcy is discharged.

Then again, a bankruptcy can affect your credit for up to ten years after you've filed. It's best to talk with one of our service specialists about your individual situation. We may be able to help you start to rebuilding your credit history today.