Bankruptcy FAQ: How does filing bankruptcy affect my credit score?

Bankruptcy FAQ: How does filing bankruptcy affect my credit score?

If you’ve been making a lot of late payments, or not paying some debts at all, then your credit score has probably already taken a hit, and there’s likely nowhere to go from here but “up.”  Bankruptcy will show up on your credit report for up to 10 years, but ask yourself how long it will take you to dig out of the financial hole you’re in if you don’t file? Getting your debts forgiven in bankruptcy can give you some breathing room and a chance to finally get your feet back on solid ground.

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