Can bankruptcy improve my credit score?

Most people are worried that if they file bankruptcy their credit score will drop even lower than it may already be. However, in some instances filing bankruptcy may actually help increase your credit score. You may see only modest increases during the first year after bankruptcy but the key to remember is that filing bankruptcy helps clean up your credit. After eliminating debts through bankruptcy, you can begin with a clean slate and start to rebuild your credit score without the baggage that you had before filing for bankruptcy.

To read more see, “Filing bankruptcy may improve credit score.

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