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
Fantasm91

0 Contributions
0 People Helped
Will my credit score always be bad? I filed bankruptcy at 23... Will it ever go back up?

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
119 Contributions
31 People Helped

If you're diligent about paying your bills on time, and being careful about your spending, and not overextending yourself again, yes, it definitely will go back up. I had a near-fatal illness in my very early 20s, and we ended up having to file bankruptcy as a result of the financial devastation (my loss of income, HUGE medical bills, etc.). It felt like the world was coming to an end...that's how devastated I was at the idea of filing bankruptcy. But, with time--and absolute diligence when it comes to paying bills--we eventually recovered. And so will you. Just don't let it happen again. :)

Top Contributor
5038 Contributions
1131 People Helped

It will go back up if you take the time to do some reading about credit and learn the steps that you need to take in order to rebuild your credit. You will also find out very quickly with a little reading that bankruptcy does not stay on your report forever. Start reading to gain the information that you need. There is a wealth of information on this site and across the internet that will help you become knowledgable about credit so you make the right moves.

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.