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Does Filing BK Ruin Your Credit?

It is true, most of us have debt; some tend to accumulate a lot more debt than the average person. Often these same individuals may find themselves needing to file for bankruptcy to be able to get the head above water with their finances. To learn more, please click the link: https://thephenixgroup.com/does-filing-bankruptcy-ruin-your-credit

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Does Filing BK Ruin Your Credit?

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  1. Does filing bankruptcy ruin your credit?

  2. It is true, most of us have debt; some tend to accumulate a lot more debt than the average person. Often these same individuals may find themselves needing to file for bankruptcy to be able to get their head above water with their finances.

  3. Bankruptcy will most likely lower you credit score initially. However, that doesn’t mean you won’t be able to rebuild your credit! The good news is bankruptcy can help stop the bleeding on accounts reporting as continuously late and possibly help with repossession status.

  4. Prepare to take control of your economic future • Discover how bankruptcy can give you relief from all your debt • Reduce the stress on family members and friends who are supporting you financially • Find out more about how filing for bankruptcy will help set up a better financial future

  5. If you have many debts and feel like this would help eliminate some stress, it may be worth talking to an attorney about what type of bankruptcy, if any, is right for you.

  6. Whether or not filing for bankruptcy is the right choice will depend on your financial situation. For more info, please view our full blog post HERE!

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