The bankruptcy effect on your credit score
Anybody who’s been through it will vouch for the fact that bankruptcy is the worst thing that could happen in your financial life. Of course, your debts do get wiped off but it is not so easy to wipe your credit report clean. Suntimes.com reports:
Bankruptcy is the worst thing to have on your credit report — and it will stay there for seven years! Now you have to look forward. If you still have one credit card in your name, use it wisely.
Read more: Credit history doesn’t end with bankruptcy
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