Quote:
Originally Posted by SleazyDream
3 years ago. it's still on my credit for another 4 or so I think. But I have a mortgage again.
it's on your credit, but it does not mean your credit is bad. your credit score builds back slowly as you move forward. it's not like having a bankrupsy on file means bad credit, it's just listed. same in the states.
after you file you're in bankruptcy for a little under a year (if it's your first time)- then you're released and start rebuilding
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My bad, I thought it was late '09, early '10.
I don't know if things are the same in Canada, but did you get some secured credit cards to rebuild your score.
I know a girl who filed bankruptcy and was so proud she was able to buy a new Kia. I asked her what interest rate she got... it was more than 20%... she was paying close to $700/mo. for a Kia SUV.
Ironically, she is now loaded. She worked for a decade or more for a home healthcare company where the owner always said that when he died his window would get 50% ownership and she'd get 50%. Low and behold, he died and the company was restructured with her as 50% owner with nothing required of her just for being a loyal employee.