Monday, November 3, 2008
Home Equity Loan after Bankruptcy - Should You Use a Prime or Subprime Lender?
Right after a bankruptcy your best choice for financing is a subprime lender. Subprime lenders are willing to lend to those with bad credit even if a bank has turned you down. But if you have improved your credit with time cash assets or a high salary you can get better financing rates with a prime lender.Begin Your Credit History With A Subprime LenderSubprime lenders are more lenient with their loan qualifications than prime lenders. As soon as your bankruptcy has finalized you can qualify for
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