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October 2017 Archives

Rebuild your credit after bankruptcy

If you are dealing with an insurmountable amount of debt, you might be considering bankruptcy to give yourself a clean financial slate. But you probably have a lot of questions and worries about bankruptcy, too. After all, it can sound like a scary word. For example, you might be concerned about the effect it will have on your credit score.

Does bankruptcy mean my credit score will go from so-so to worse?

Their credit score is one concern that stops many people in debt from filing for bankruptcy. They theorize that their already so-so credit score, which barely qualifies them for loans and the like, will nosedive. They will not be able to qualify for anything again for many years.

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