http://www.DebtFreeOhio.com
Bankruptcy hurts credit? NO! Not paying your bills because you can't possibly pay them is what hurts your credit. Filing bankruptcy can improve your credit. It's True! When our Cincinnati and Dayton bankruptcy attorneys go to work on a case, they explain how filing bankruptcy can actually improve your credit. Think about it. If you wipe out all or most of your debt in a bankruptcy, you have a better ability to pay for the things you need, like cars etc. Creditors know that you can't file another bankruptcy for several years, so they are not worried about getting paid, and they know you are in a better position to pay for the new loan you are trying to get. It just makes sense that a bankruptcy can improve your debt to income ratio, and you an easily and quickly rebuild credit after your bankruptcy discharge is granted.
I always thought bankruptcy would be the worst thing but not paying my bills on time or at all seems to be much worse!! I will be considering filing bankruptcy. Thanks for the great information.
acoffman09 1 year ago
I was concerned about my credit score. Thanks for the information!
jmpoxsir 1 year ago
I never knew bankruptcy could help your credit! The way you explain it makes perfect sense. Thank you!
GusGusMurphy 1 year ago
my debt to income ratio is hurting my credit score. It sounds like bankruptcy could help me.
Juicy09Cat 1 year ago