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Bankruptcy Law/10 years post bankruptcy
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Question
Is it legal for a bank that I defaulted on a loan with them over 10 years ago during a bankruptcy to deny me credit unless I pay the >6,000.00 I owed them 10 years ago? The debt was charged off, but they made me pay it in order to get a loan for something else. It has also come off of my credit report, but they cross-referenced my social security number.
A lender does not need to give you credit again if you have bankrupt them in the future. Depending on your state laws and how they were collecting it, you might have a claim against them for bankruptcy discharge violation. I would use another company entirely if you haven't paid them yet.
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Questioner's Rating
| Rating(1-10) | Knowledgeability = 10 | Clarity of Response = 10 | Politeness = 10 |
| Comment | Thank you so much for your help.. Unfortunately, I already paid the money, I was in a bind due to a family emergency. They did lend me money after I paid my old debt, and I guess there is nothing else I can do. | ||
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Answers by Expert:
Terry Leeders
Expertise
Handles Chapter 7 and Chapter 13 bankruptcy cases.
10 years of extensive bankruptcy experience. Filed over 3000 cases
Chicago Bankruptcy Lawyer website
"One On One Personal Service You Deserve"
Experience
I have been practicing bankruptcy law for 10 years. I have helped over 3000 consumer bankruptcy clients in that time.
Organizations
Chicago Bar Association
Illinois Bar Association
Publications
author of Chicago Bankruptcy Blog
Chicago Chapter 13 Bankruptcy Blog
Illinois Bankruptcy Law Blog
Fresh Start Partners
Education/Credentials
University of Illinois
Thomas M. Cooley Law School
Chicago Bankruptcy Lawyer website
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