Can u still get a car after debt settlement
Date: Tue, 10/27/2009 - 12:17
How long does it take to qualify for a car after debt settlement, does it take the 5-7 years its on your credit report?
No - Your credit can actually improve, because you have paid off
No - Your credit can actually improve, because you have paid off all your debt, and have the same income. So, your debt-to-income ratio is great, and your utilization is low - these are the two parts of how credit works I learned about through the Debt Relief Guide Online. Your credit worthiness goes way up when you have cleared all the debt you owed. However, after clearing it all up, be careful not to put yourself in the same position again!
debtfreeasapblog.com is where I found the information.
