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bigd4323

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should I file for bankruptcy with a score of 608

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No! BK's are not score fixers!!! They are established to help you get out of debt!!! Mainly paying off your debt over a period of 5 years. In return you will give up the rights to finance virtually anything of wants. You score will also drop to about 400-500, as while being on a chapter will cause you to have no payment history. Look it up. The pro's and cons of filing for Chapter 13 Bk or Chapter 7 Bk. Not good if you are trying to just improve your score. Give these guys a call 

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The criteria for filing is usually how much debt you are carrying and if there is any feasible way of repaying it. A Ch. 13 will put you on a repayment plan, severely compromise your credit score, and stay on your credit report for 7 years. A Ch. 7 will wipe out all the debt that you include, also severely lower your score and stay on your report for *10* years. 

IMO: if you have a few thousand dollars in debt, it is not worth it - working with your creditors would be a better solution. It's a personal decision, but never done to *improve* a credit score.

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