Does filing bankruptcy help fix your credit or make it worse?

Tips and Deals Forums Improving Your Credit Score Does filing bankruptcy help fix your credit or make it worse?

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This topic contains 3 replies, has 4 voices, and was last updated by  Anonymous 8 years, 2 months ago.

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  • #204858

    Anonymous

    I needs to know.

  • #263559

    Anonymous

    It makes it look pretty bad for a little while, but if you’re responsible with a small limit credit card and pay it off every month, that’ll boost your credit in a hurry if you happen to file for chapter 7. Still doens’t change the fact that your credit will show you filed and won’t be able to get too many loans until 2 years after discharge from bankruptcy.

  • #265703

    Anonymous

    I would start from scratch if you’re having problems.

    you’ll get your first credit card offer in a year or two after filing

    If you’re falling behind on payments then it depends, I’m sure that after awhile your score will drop really low.

  • #274094

    Anonymous

    Bankruptcy may help your personal financial situation, but it will hurt your credit for many years to come. It will remain on your credit report for up to 10 years.

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