Wilson asked:


A non professional gave me the advice of filing bankruptcy for debt i have totaling $5000. His argument was that with these debts that i have are obliterating my credit score anyway and that bankruptcy wouldnt be any worse. Is this true? What does filing bankruptcy do to your credit report and would it damage it more or less than leaving these debts sit as i do not have the money to pay them off at the moment. Thank you for reading and any help.

Wendell asked:


I filed bankruptcy in 2008 and discharged same year. My Credit Score is still Zero, How can i rebuild my credit score again. I got a 2 secured credit cards, 1 from USBank and the other from Golden1 Credit Union.

LO asked:


I had to file for bankruptcy in 2006 because of medical bills. I was wondering how long it will show up on my credit file. I am trying to improve my credit score and it is up to 685, but I think it would be higher if the bankruptcy wasn’t on there. Thanks!

Alexander the Taint asked:


I filed back in 2005, but my credit score is still pretty good. I’m near 700 right now, but my bankruptcy is not quite 5 years old yet. I know it can be visible for up to 10 years, but when is the point where it’s not a big deal anymore? Thanks.

angll_80 asked:


I have found conflicting information. Some sites say you can purchase a home anytime after a bankruptcy discharge as long as your credit score has been rebuilt but other sites say you have to wait at least 2-3 years. Which is it?

C S asked:


Hi, I just filed for bankruptcy and have to go to court the end of this month. I guess I get discharged after 3 months, why does it take 3 months? Once it is discharged, then what? What do I need to do to restore the once awesome credit I used to have. My score was 720 befor job loss, etc. I need some good advice here.

GreenFam asked:


We are hoping that our credit score has improved greatly now that the bankruptcy is off (it was a long 10 years) and we haven’t acquired much debt.