It’s one of the most common questions we hear from people who are considering bankruptcy. And since everyone’s credit history is a bit different, we can’t give you a specific credit score to expect, but we can tell you this: Although a bankruptcy obviously has a negative impact on your credit score, it is possible to rebuild your credit score back up to at least 720 within one to two years of your bankruptcy. This will keep you from being penalized with exorbitant interest rates, or denied the job or the housing you need, because of your credit score. The higher credit score can save you several hundred dollars per month, thus helping you avoid further financial problems in the future.
Don't wait until till it may be too late to seek protection under the bankruptcy law. Schedule a FREE Consultation with one of our bankruptcy attorneys and learn how the bankruptcy law applies to your specific situation. Call TBC today at 314-961-9822.