If the bankruptcy is more than ten years old you may apply with Initial Lending Group. A bankruptcy on your credit report will automatically disqualify you from our program.
Bankruptcies are not looked well upon with credit providers. Keep in mind that even though your bankruptcy may not show on your credit report there are still ways to realize that you had a bankruptcy. One of the easiest ways to realize that someone has had a bankruptcy is that the credit does not match the age. If someone is 38 years old and has credit history dating back only two years, this will bring up a red flag and chances are they have filed for bankruptcy.
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