You ask, Equifax Answers: How to Reestablish Healthy Borrowing from the bank Activities After Case of bankruptcy?

You ask, Equifax Answers: How to Reestablish Healthy Borrowing from the bank Activities After Case of bankruptcy?

You ask, Equifax Answers: How to Reestablish Healthy Borrowing from the bank Activities After Case of bankruptcy?

Highlights:

  • Filing for bankruptcy otherwise experiencing a home property foreclosure might have bad influences in your fico scores.
  • After you are economically secure, thought opening a separate line of credit so you’re able to reestablish healthy borrowing designs.
  • Fool around with borrowing responsibly and get away from late payments to establish a great credit history moving forward.

Question: I am in the process of declaring bankruptcy proceeding and can almost certainly go through a foreclosure the following year. I am concerned with the much time-title effects to my credit history. (meer…)