re: This deserves it's own thread

Reminds me of back in the subprime mortgage business.

We would do refi's for people who were only a few years out of BK when traditional mortgages required you to be 7 years out.

One of the conditions was a BK discharge letter as well as a general BK letter explaining the BK, this is for underwriting.

Every single one was "Everything was fine until momma come down with that Zika virus and started popping out encephalitis babies left and right, ran up 300k worth of medical bills and just couldn't fight it anymore" when in fact, looking further back into their credit file, they were dirt shite credit years before the BK, and you see the medical totals were never even pursued by the creditors, and never even paid by the BK, but completely written off by court order, and in fact came in after the BK was filed, in many cases.

Don't be so gullible. Yes I know that bad things happen to good people and no system is perfect, but don't believe that 66% of BK's are medical. It's horse shite.