Ask The Get Out of Debt Experts Bankruptcy Related

My Bankruptcy Was Discharged Four Months Ago and Now I Need a Loan. – Lynn

“Dear Steve,

After bankruptcy, money still tight. House in need of big repair. How can I possible get a loan?

Steve, Had bankruptcy discharged four months ago. Knew money was still going to be tight with hours and pay cuts. Have cut back on everything, but as luck would have it along comes a big expence. House needs drainage work ,cost about 1500.00. Would have no problem paying over time, but all at once is impossible. Do not want payday trap and family all have financial problems due to lloss of jobs. No resourses available. Do you have any suggestion for a problem like this? You know after bankruptcy the credit score drops quite a bit. Last I checked I am at 640. I tried one place and they said no for a 1 year loan.


Dear Lynn,

You will need to work to rebuild your credit and bring the score back up. it can be done. Follow these instructions to rebuild your credit after bankruptcy.

Once you get your score above 660 you may be eligible for a peer-to-peer loan through

But I am concerned. Your bankruptcy has been discharged and without your old debt you are struggling to get by. This is not the only emergency that will come along. Starting to save is going to be critical to avoiding future hurdles that can get your back in bad debt again.

You might have to look at cutting your expenses further or increasing income to give you the gap between income and expenses you need in order to save.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

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Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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