Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Bankruptcy
Profile Image

Question By
Gzafra123

0 Contributions
0 People Helped
Should i declare bankruptcy if i have a credit score of 585

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
1132 Contributions
1210 People Helped
Most Helpful Response

Helpful to 1 out of 2 people

No, Bankruptcy is not a remedy for low credit scores, it was designed to offer your average consumer "help" from the pressures of life due to an unforseen hardship. Bk's should only be used as a last resort; when you are at your wits end. If you are trying to raise your score; order a copy of your credit report from the major credit bureaus first. Find all the negative items on you report make a list of them, then work on correcting the negative items such as (collections, hard iquireries, judgements, late payments, etc) Once you clean up as much as you can then you can try to rebuild your score by obtaining a small credit card and making small charges and paying the balance off monthly keeping your utilization under 20%. Also call credit pro's 1-877-235-0324 they can help. Good luck my friend.

Top Contributor
3051 Contributions
2791 People Helped

File BK if you want to drop to a score of 385.

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.