Monthly Archive: March 2016

A Home of Dreams Even with Bad Credit

A Chapter 13 Bankruptcy (repayment plan) does not have to be discharged and you can buy a new or a resale home as long as you have been in the Chapter 13 Bankruptcy for at least 12 months and your chapter 13 payments have been made on time for at least one full year, although you may wish to check with a Sacramento bankruptcy attorney first. Lenders like to see that you have re-established credit while in the Chapter 13. However if you have not re-established credit, lenders will s ometimes use alternative credit. Alternative credit will sometimes include utility bills, insurance bills, cell phone bills, etc. It’s important for lenders to see that you have a strong payment history while you are trying to re-establish your credit.… Read more