Topic: Bankruptcy Worse Than Terrible Credit
Answers to Common Questions
How to Fix Credit Problems Other Than Filing Bankruptcy
Many people with credit problems and outstanding debt think there is no way out but to declare bankruptcy and potentially ruin their credit. However, options are available that will help a person reduce debt and payments without filing for ... Read More »
Source: http://www.ehow.com/how_5712384_fix-problems-other-filing-bankrup...
Which is worse for your credit bankruptcy or a foreclosure?
Bankruptcy and foreclosure are both derogatory legal actions in the public record portion of a consumer's credit report. As such, they will each have a significant impact on any person's credit standing. How much either would impact your cr... Read More »
Source: http://wiki.answers.com/Q/Which_is_worse_for_your_credit_bankrupt...
Which hurts your credit worse bankruptcy or late payments?
Late payment will drive your credit score into the ground rapidly. Many people question filing a Bankruptcy even though their credit is shot through late payments on mortgages and other bills. Filing Bankruptcy put all collection activity o... Read More »
Source: http://wiki.answers.com/Q/If_you_dont_send_in_your_entire_house_p...
Answers to Other Common Questions
Answer Any legal item that is shown in the public records portion of your credit report is a significant derogatory. That having been said; your credit rating and credit score takes into consideration ALL the factors showing. So it depends ... Read More »
Source: http://wiki.answers.com/Q/What_is_worse_on_your_credit_report_cha...
Generally, a foreclosure will remain on your credit report for 7 years, while a bankruptcy remains for 10 years. Read More »
Source: http://www.chacha.com/question/which-is-supposed-to-be-worse-for-...
Bankruptcy is much worse because it effects all items on your credit, while repossession only affects one item. Read More »
Source: http://www.chacha.com/question/which-is-worse-for-your-credit%2C-...
That's not always the case. However,in theory someone who has had a BK discharged is debt free.Therefore some creditors might view them as being a reasonable risk. Go figure! You can be certain that the credit they do obtain will come with ... Read More »
Source: http://wiki.answers.com/Q/Why_is_it_that_people_who_file_for_bank...
Declaring bankruptcy is worse for your credit than debt consolidation; bankruptcy can wreck your credit rating for 7-10 years. Read More »
Source: http://www.chacha.com/question/which-shows-up-worse-on-a-credit-r...
id say the credit rating,because the obesity is a thing that is more available for repair Read More »
Source: http://answers.yahoo.com/question/index?qid=20080826182134AA6MNkF
Bankruptcy for sure, they show for 10 years and will drop your score between 100-150 points as soon as they hit. Don't get me wrong judgments are real bad too it's just that they only show for 7-years or until the statute of limitations run... Read More »
Source: http://answers.yahoo.com/question/index?qid=20081017125339AAP9xjM
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