Has anyone filed for bankruptcy, and if so, how did it affect your life? Unfortunately, after a failed relationship a few years ago, in which we racked up debt on MY credit cards to fix up HIS (I thought was going to one day be OUR) house, (the place was barely liveable) I was left with a lot of debt, and then living on my own. Not a smart move, I know. I was drowning in debt, most of the time not even making the bills. My mom was the one who suggested bankruptcy, and so I filed. This coming October will be 3 years since it went through.
Now, I AM in a good relationship, and we ARE going to be getting married, and we've begun planning for our future. My part in it may be a bit slim, due to the bankruptcy. Or will it? Does it affect your credit that much? When we are able to buy a house, it will have been 3 and 1/2 years since it went through. Is this a good amount of time, long enough so the creditors won't care as much? I realize it takes 10 years to come off your credit. Can we buy a house together, or will it have to be in his name only? That would make the loan amount less, I'm sure, so I would want to be in on it so we could be approved for more....I'm not sure what to expect....
Now, I AM in a good relationship, and we ARE going to be getting married, and we've begun planning for our future. My part in it may be a bit slim, due to the bankruptcy. Or will it? Does it affect your credit that much? When we are able to buy a house, it will have been 3 and 1/2 years since it went through. Is this a good amount of time, long enough so the creditors won't care as much? I realize it takes 10 years to come off your credit. Can we buy a house together, or will it have to be in his name only? That would make the loan amount less, I'm sure, so I would want to be in on it so we could be approved for more....I'm not sure what to expect....