Dear Erika, I am considering bankruptcy but I am concerned about how it will appear on my credit report.

Dear Erika,

I am considering bankruptcy but I am concerned about how it will appear on my credit report.  Will it ruin my credit forever?

-Concerned

 

Dear Concerned,

A bankruptcy filing will appear on your credit report for ten (10) years.  This does not prevent you from obtaining credit.  Many people find that a bankruptcy helps them clear up their credit report and move forward with a better credit score.  For more information about your credit report and how a bankruptcy affects your credit report, click the following link: http://www.experian.com/credit-advice/topic-bankruptcy.html