Many people do not file bankruptcy because they fear that it will ruin their credit score. The reality is that by the time most people start thinking about filing bankruptcy, they already have a poor credit rating, and for those people, filing bankruptcy may in fact improve their credit rating. There are several reasons why […]
How does filing Chapter 7 Bankruptcy affect my credit score?
Many people know that filing bankruptcy will negatively affect their credit score. However, many people fail to recognize that creditors use other criteria for determining their credit score. We have clients who have received credit offers within a short time after they have completed their bankruptcy. It is possible to have a higher credit score […]
What’s In a Credit Score?
Credit scores – a necessary evil. Credit scores are used for everything from approving someone for a loan, to making someone a job offer. People with higher credit scores get lower interest rates, lower insurance rates, and more job offers. The question I hear most often from people is, “How do credit scores work?”. Well, […]