http://www.bankruptcyhelpblog.com/how-will-bankruptcy-affect-my-credit-rating/ Helping you deal with your personal or business bankruptcy Thu, 07 May 2009 13:48:48 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.bankruptcyhelpblog.com/how-will-bankruptcy-affect-my-credit-rating/comment-page-1/#comment-40 srilaxmi Thu, 07 May 2009 11:58:04 +0000 http://www.bankruptcyhelpblog.com/?p=35#comment-40 Filing bankruptcy has many impacts on your finance, first it affects your credit score, with bankruptcy on you credit report it will reduce credit score and it remain on your credit report for 10 years from the date you filled bankruptcy. Second, you do not get finance form any lender having bankruptcy on your credit report, because lender sees you as high risk profile for lending you any kind of finance for almost 10 years. Even is you are managed to find finance from any lender, the cost of financing for you is high because of your high risk profile, risk is always associated with higher cost. Filing bankruptcy has many impacts on your finance, first it affects your credit score, with bankruptcy on you credit report it will reduce credit score and it remain on your credit report for 10 years from the date you filled bankruptcy. Second, you do not get finance form any lender having bankruptcy on your credit report, because lender sees you as high risk profile for lending you any kind of finance for almost 10 years. Even is you are managed to find finance from any lender, the cost of financing for you is high because of your high risk profile, risk is always associated with higher cost.

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