Among the greatest fears for people considering filing for personal bankruptcy protection is that their credit will be ruined. Bankruptcy filing <\/a>do affect credit ratings and it will be more difficult to be approved for things like car loans and home loans for a time, but there are steps that can be taken to mitigate the impact that bankruptcy has on a personal credit score.<\/p>\n A personal credit score<\/a> is the way that creditors figure out whether they want to loan money to an individual. A credit score will affect whether a person gets a car loan or a student loan and it can affect rental agreements and even job applications. A bankruptcy can remain on a credit score for 10 years.<\/p>\n A variety of agencies will want to see the credit score before making a decision about a person \u2013 especially with regards to a financial transaction.<\/p>\n Since bankruptcy is inevitably going to (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Among the greatest fears for people considering filing for personal bankruptcy protection is that their credit will be ruined. Bankruptcy filing do affect credit ratings and it will be more difficult to be approved for things like car loans and…<\/span><\/p>\n