Will filing for bankruptcy affect my credit score?

Posted on Monday, February 9th, 2015 at 3:54 pm    

If you are considering filing for bankruptcy, you may be concerned that it will have a permanent and damaging effect on your credit score. While it is true that a bankruptcy will affect your score for as long as it is listed on your report, it is also true that failing to reconcile your debts can take a much greater toll. Rather than anticipating the damage that filing for bankruptcy may cause to your credit, you should consider it as an important step towards rebuilding your credit and financial stability. In fact, many who file for bankruptcy find that it is possible to rebuild a good credit score within just a few years.

If you have further questions regarding bankruptcy and its possible effect on your credit score, the bankruptcy attorneys at the Bradford Law Offices, PLLC, can help. Call our Raleigh offices today at (919) 758-8879.