Friend And Bankruptcy
I am getting a condo with a friend and he will be on the lease. He is worries because he has had a past bankruptcy. It has been three years since then and he has been doing great in getting his credit back in gear. I filled out my application and he will fill out his tonight. She wants to run them both together tomorrow morning. He asked me if he should talk to her first about his bankruptcy.. i told him he should just fill out application and we go from there. What do you think..
thanks!! :-( 8-)
If it's got a box for bankruptcy, check it. Otherwise, why bring it up if he's been doing well for 3 years.
Rental communities deal with bunged-up credit all the time. People whose credit is OK tend to own.
Leave the past in the past and go for it.
I'm assuming you're buying the place? You should be fine with the bankruptcy. It's been at least 2yrs and he has re-established credti. Most if not all lenders out there will lend on your/his behalf.
FYI, Bankruptcy is on record for 10 yrs. don't let it slide. Deal with it. Good Luck, HerbK