Updated over 13 years ago on . Most recent reply
BK
My credit score is low (540 FICO). About 40K in debt and thinking of filing BK. From a lender's viewpoint, is it less favorable to have a BK than low FICO? Does it matter?
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Jon Holdman
#3 Real Estate Deal Analysis & Advice Contributor
#3 Real Estate Deal Analysis & Advice Contributor
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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
#3 Real Estate Deal Analysis & Advice Contributor
- Rental Property Investor
- Mercer Island, WA
Sorry, but I'm having real heartburn with the idea you want to declare bankruptcy to wipe out your existing debt then turn around and try to buy a house. Take your time, get your financial house in order, then think about buying a house.