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(h) Determining period between consecutive covered loans.
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I owned a home ten years ago that was so badly damaged by a Section 8 tenant that I could not afford to repair it, and the home was surrendered to the lender in a Deed in Lieu of Foreclosure action that accompanied a Chapter 7 bankruptcy action in 2004.
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- I paid my bills on time back then, and I pay them now.
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- Indebtedness Ratio -
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Basically you get the card, use it.
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