Mic Stage Blog

You can get credit after you file for bankruptcy, however it really helps if you have a good plan. Remember, credit is frequently what got you into bankruptcy in the first place.  Credit should be treated with the same care as fire.  Under control, it is a great tool.  Out of control, it is an instrument of destruction. Once you file bankruptcy, your existing debts will be discharged.  So shortly after bankruptcy, order a credit report to be sure that the reporting agencies are showing that your old debts are zero – discharged in bankruptcy.  Yes, the bankruptcy will be on your credit report for 10 years.  But each passing year will lead to better and better credit scores for you.  And pre-bankrutpcy scores will be the lowest you will encounter

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