You've made some financial mistakes, and creditors may feel wary of offering you unsecured loans, but you are still eligible for a cash out refinance loan, home equity loan or debt consolidation loan, even with a Chapter 7 or Chapter 13 bankruptcy history. Homeowners are usually able to refinance their mortgage loans immediately or 6 months after filing for bankruptcy.

Your home's equity will allow you to refinance.

Your home's equity is an irresistible lure to a lending institution, and even if your credit past is less that ideal, by securing the loan with the equity from your house, the lending institution is assuming little risk that you will default on it. A refinance with bankruptcy history might mean that you have to pay slightly more than prime interest rates, but with today's competitive market, your home's equity, and the internet as a search tool, you can still get a home equity line with bankruptcy history at very competitive rates.

Where can I find a refinance loan or debt consolidation loan with bankruptcy history?

Your local bank may not be the best place to turn for a refinance loan or debt consolidation loan with a bankruptcy history, but that doesn't matter, because there are hundreds of companies that specialize in these types of loans exclusively, and they will not be scared away by your credit past as you apply for a refinance with bankruptcy.

Make sure you do your homework.

These companies offer substantially different rates and fees for service. Most of these refinance with bankruptcy offering companies are very reputable, but there are some that will seek to exploit your present financial vulnerability, and may leave you in worse financial shape than you are now. You have to very careful when you apply for a home equity loan with a bankruptcy in your past, because if you are unable to pay off your refinance bankruptcy past home loan, then you are at risk for house repossession.

A refinance loan or debt consolidation loan with a bankruptcy history can be researched over the internet to ensure the best rate. Many of these loans are fixed rate interest loans, and as such the repayment costs of the home equity loan with bankruptcy history can be fairly easily calculated. Some companies that offer refinance loans to consumers with a bankruptcy history may offer competitive interest rates, and appear to be a good deal, but a close inspection of the fine print will show extensive and expensive fees for services. There are some companies that will unethically prey on people searching for refinance loans and sell them a bad financial service. You can usually investigate the background of a company over the internet, and you can also approach your better business bureaus to enquire, if any complaints have been made about a particular refinance with bankruptcy history loan provider.