When Will Bankruptcy Stop Affecting My Credit Score?
If there is one thing in this world that has a significant impact on your ability to buy a home, car, or even get a job, it is your credit score. Thus, when you add filing bankruptcy to this, you may think all hope is lost. However, that will not be the case at all. While filing for bankruptcy will affect your credit score, there are ways to minimize its effects. Since you should rely on expert legal assistance for these matters, turn to trusted Brooklyn NY bankruptcy attorneys at the Ursulova Law Offices for guidance and advice.
Maybe a Decade
Once you file for bankruptcy, it is possible it may affect your credit score for up to 10 years. In most cases, it may not be quite so long a period of time. Though your bankruptcy filing will be factored into your credit score until the bankruptcy drops off your credit report, it will have less of an impact on your credit score with each passing year.
Check Your Credit Report
As one way to make sure your bankruptcy does not affect your credit score longer than necessary, always check your credit report. By doing so, you can verify the bankruptcy is removed from your report as soon as it becomes eligible to do so.
Reestablish Your Credit
Along with making sure your bankruptcy filing is removed from your credit report as quickly as possible, your credit score can also be improved if you immediately begin reestablishing your good credit. To do so, you should obtain a secured credit card and make your payments on time.
Due to the numerous complexities that are associated with even the simplest of bankruptcy filings, don’t leave any details to chance. Instead, consult with Brooklyn NY bankruptcy attorneys at the Ursulova Law Offices soon to learn how to keep your credit score intact.