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    A bankruptcy can stick to your credit history — and hence influence your credit score — for as much as 10 years.

    A bankruptcy can stick to your credit history — and hence influence your credit score — for as much as 10 years.

    Professionals state that after bankruptcy the amount of improvement in a rating will differ. Credit specialist Barry Paperno describes that this can depend on “what the consumer’s rating had been ahead of the bankruptcy filing, along with as to what degree the bankruptcy affected the consumer’s score, just how much new financial obligation happens to be founded additionally the time elapsed because the bankruptcy release. ”

    Charge cards

    One way to start enhancing your credit would be to start a secured bank card account immediately after you will be discharged from a bankruptcy. (more…)

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