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Transcript:
00:03
As far as uh how a the credit score is affected by filing bankruptcy, it’s really on a case-byase uh basis. It’s it’s hard to know uh exactly uh how that’s going to happen because everyone’s situation is different. Many people it doesn’t really go down at all because if they haven’t been making
00:24
their payments on their debt then they’re kind of at rock bottom already and filing the bankruptcy just begins the healing process. Uh there’s often a little bit of a drop but by making payments on time on houses and cars and things like that going forward, someone
00:41
is going to improve their credit score way faster than they ever could by trying to pay the debt off over many years.