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gravysnake1

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how can bankruptcy benefit my credit score

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It Can't!!!

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Filing bankruptcy hurts your credit score big time for 10 years.  Afterwards, you have to start rebuilding al over again. It should be the absolute last option, when nothing else would work.  Even then, think hard before acting.

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Bankruptcy isn't the easy way out anymor

Its can be expensive, depending on the amount of debt you have. Takes a lot of time and the toll it takes on your credit report lasts for years.  The credit climate is not like it was a decade ago when you could file bankruptcy and turn around and buy a house a year later.  That doesn't happen anymore.  lenders are actually looking at credit files again. So rebuilding you credit by working hard to manage and pay off your debt has a much bigger impact than it used to.

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There is no Credit Score or Credit History benefit with Bankruptcy.

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