Credit Scores Trend Upward After Bankruptcy
Reposted from Cathy Moran:
After bankruptcy, credit scores go steadily up, says a 17 year study released by the Consumer Financial Protection Bureau.
Got that? Go UP. Every year.
Importantly, credit scores start improving the same year that the bankruptcy is filed.
Think on that for a moment.
How collectors stoke fears about bankruptcy
Creditors and their shills shout that bankruptcy trashes your credit score; the data show just the opposite. There’s no dip post filing, but instead an ...Continue Reading →