HOW DOES BANKRUPTCY AFFECT CREDIT SCORES ?
A bankruptcy will always be considered a very
negative event by your credit score.
How much of an impact it will have on
your score will depend on your entire
credit profile. For example, someone
that had spotless credit and a very
high credit score could expect a
huge drop in their score.
On the other hand, someone with many
negative items already listed on their
credit report might only see a modest
drop in their score. Another thing to
note is that the more accounts included
in the bankruptcy filing, the more of an
impact on your score.
While there are many things to consider
when considering filing for bankruptcy,
you can expect it to impact your score for
as long as the
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