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How will my credit score be affected by bankruptcy?

While bankruptcy can have some effect on credit scores, the most influential factor on your score is how good your credit was before filing for bankruptcy. Creditors do not like seeing bankruptcy on credit reports; however, they are more concerned about how good your credit has been long-term. For instance, your credit score is more affected by consistently late payments than by simply filing for bankruptcy. You can find out more about how your credit score will be affected by declaring bankruptcy by speaking with an experienced bankruptcy lawyer.

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