Financial Hard Times
Because of the frequency of divorce and other financially-challenging life experiences, the bankruptcy market is growing.
Description
People with discharged bankruptcies can actually be less risky to lend to than “sub-prime”people with marginal
credit histories because they can’t file for bankruptcy for 10 years, whereas someone with a failing credit history
might still file for bankruptcy. Non-business bankruptcy filings make up 96 percent of all bankruptcies,
up from 87 percent in 1980.
Major Applications
New/Used Cars - Mortgages - High Interest Rate Loans - Financial Repair Offers
Source
Compiled daily from nationwide public records. Run through NCOA and enhanced monthly with demographic data.
