Question

How will bankruptcy affect my credit score?

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9th Dec 2009 by Daniel Cross, ChFC

Bankruptcy is devestating to your credit score. The amount of damage done depends on what your credit score was beforehand. The lower your score, the less the hit and the higher your score, the more the hit. It can be between a 150 - 300 point drop and stays on your credit report for at least 7 years depending on the type of bankrupcy filed.

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This answer is the subjective opinion of the writer and not of FinancialAdvisory.com



4th Dec 2009 In USA 1 Answers | 927 Views
Subjects: credit score,

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