What Is A Credit Score?

Your creditors want you to think that your credit score is a report card for your success as a member of society. Your creditors want you to view bankruptcy with shame and hesitate to consult a bankruptcy attorney. The longer you wait, the more they can collect, the more they can take away from you and your family. The financial institutions that have loaned you money want you to consider your loan as more than a business transaction, they want you to have an emotional investment in paying them back. They know that if you can move beyond viewing your loans as more than business deals, they will come out ahead, as you can be assured your lender does not have feelings when it comes to your loan  - only math and the calculation of interest.

What will happen to my credit score if I file bankruptcy?

Bankruptcy FAQs: It's not really clear exactly how much of an effect bankruptcy has on your credit. The reason for this is that the credit reporting agencies do not share their formula for obtaining scores with the rest of us. You can assume that your credit will drop 100 to 200 points as a result of filing bankruptcy depending on what else is going on with your credit report. You will work hard to rebuild your credit and the negative impact will gradually diminish. It is possible to have a very good credit score after a few years even with a bankruptcy on your record. 

Your credit score is a tool and after we help you solve your debt problems, we will provide you with a program to rebuild your credit score.

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