Practice Areas - Your Credit After Filing for Bankruptcy
Your Credit After Filing for Bankruptcy
One of the biggest concerns for people considering bankruptcy is that irreparable harm will be done to their credit rating. People wonder whether filing for bankruptcy will eliminate their potential for getting credit in the future for a home, car or other pricey items.
A Slow But Positive Change
People are often surprised to know that bankruptcy works in reverse for their credit. If you are considering bankruptcy, your credit is probably in pretty bad shape to begin with. Filing for bankruptcy won't damage it much at the beginning, and eventually your credit will slowly begin to improve. Many people have found that their credit immediately began to improve after filing bankruptcy as creditors are no longer reporting on their credit report.
Call Sutherland Law today with any Bankruptcy Questions you may have.