How Will Bankruptcy Affect My Credit Score?

People are often wary about filing for bankruptcy because they know the bankruptcy will show up on a credit report. There is no denying that a bankruptcy has an impact on a credit score, and that lenders may be reluctant to extend no credit to debtors who have filed bankruptcy. Realistically, however, by the time debtors are considering bankruptcy, their credit scores have already been damaged. Consumers only resort to bankruptcy when their debt has become unmanageable. They [...]