How long will a bankruptcy be on my credit report?
A bankruptcy filing will be reported on your credit history for ten years after filing. However, this initial negative effect on your credit is usually the better alternative to bad credit because of unpaid older accounts. Bankruptcy filers are usually able to obtain additional unsecured accounts and qualify themselves for car loans and mortgages within years of filing. I have been asked if a bankruptcy filing would affect a person’s ability to secure a job. The answer is that the filing might actually help when applying for a job, especially in the government or at a bank as it is the step towards regaining good credit.
August 3rd, 2010 by Administrator
Posted in bankruptcy, credit report
