Life After Chapter 7 and Chapter 13 Bankruptcy
How Will Bankruptcy Affect Your Credit?
A key concern for many people facing bankruptcy is bankruptcy's effect on credit scores. It is impossible to make blanket statements regarding this question, because credit scores will ultimately depend on many issues, including:
- Bankruptcy filers' scores prior to bankruptcy
- Filers' income and debt once bankruptcy is completed
Nonetheless, bankruptcy often positively affects credit scores. How? Bankruptcy can allow you to:
- Rebuild your credit score
- Become current on payments
- Meet your payments going forward
The best way to determine how consumer bankruptcy will likely affect your credit score is to discuss your unique situation with a bankruptcy attorney. At the Seattle and Kirkland, Washington, law firm of the Law Offices of Elizabeth Quick, attorney Elizabeth Quick can meet with you for a no-charge discussion of your bankruptcy law questions, including credit-score questions.
Do you have questions regarding bankruptcy, credit scores and life after bankruptcy? Contact us for a free initial consultation. Call 425-242-4037 or 888-332-2136.
Often credit scores do rise after bankruptcy, as debt and poor credit histories are wiped away, giving your FICO score an upward bump. Also, needed loans are often available from lenders following bankruptcy because lenders will consider the disposable income frequently available to borrowers follow bankruptcy.
Do not believe the misnomer that you will "never" get a loan again if you file for bankruptcy. Bankruptcy can be the first step to better credit and a fresh start. For a no-charge discussion regarding Chapter 7 and Chapter 13 bankruptcy protection and your credit scores, contact our offices.
Contact Us
At the Law Offices of Elizabeth Quick, we are available for off-hour appointments and offer two offices for your convenience, including one in the pleasant and easily accessed location of Kirkland. To contact lawyer Quick, call 425-242-4037 or 888-332-2136.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
