Etini
Valued Contributor
The credit score is one of the most important aspect of personal and business loans. And one of the important variables that could affect a credit score negatively is a report of bankruptcy. Bankruptcy is a declaration by yourself that you are not able to take care of your bills any longer because of a bad financial condition. You would now get some aid from social support to survive.
Even after you declare out of bankruptcy within a short period, your credit score would have been battered with the declaration and and it would stay in your credit report for 10 years before it is removed. That's to say people who have declared for bankruptcy in 10 years can't access loans.
Even after you declare out of bankruptcy within a short period, your credit score would have been battered with the declaration and and it would stay in your credit report for 10 years before it is removed. That's to say people who have declared for bankruptcy in 10 years can't access loans.
