Why bankruptcy history matters
Bankruptcy can affect credit profile, payment history, and partner risk review. Some partners may have waiting periods or additional requirements.
Timing can matter
How long it has been since filing or discharge may affect review. Requirements vary and Borrow Home Equity does not make credit decisions.
Equity is not the only factor
Even with available equity, partners may review income, current debts, credit recovery, property value, and mortgage payment history.
Prepare accurate information
Answer bankruptcy questions honestly. Incorrect information can lead to rejection or problems later in the process.
Consider alternatives
Depending on your profile, it may be useful to compare secured and unsecured alternatives, wait while rebuilding credit, or seek financial counseling.
Frequently Asked Questions
Can I get a HELOC after bankruptcy?
Possibly, but availability depends on partner requirements, timing, credit profile, equity, income, and other factors.
Should I hide bankruptcy history?
No. Provide accurate information. Partners may verify credit and public record details.
Does Borrow Home Equity make bankruptcy decisions?
No. Borrow Home Equity is not a lender. Participating partners determine eligibility.