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

bankruptcy is listed on your credit report


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How does bankruptcy affect credit scores

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