In this video clip, you will hear from an experienced New Jersey bankruptcy attorney talk about bankruptcy and credit scores. When faced with the decision of bankruptcy, many people are worried about their credit scores. Watch this video to learn more. Attorney Steven J. Richardson answers the question, “Will bankruptcy lower my credit score?” He explains that the answer is not the same for everyone. If you start bankruptcy with a FICO score of 700 and are current on your payments, you need to understand that your credit score will drop. You have to decide if you want to continue making the minimum payments for the rest of your life, or you could hit the financial reset button, take a hit on your credit score and move on. A bankruptcy will stay on your credit history for ten years, but it is not bad luck. You can start rebuilding your credit within a couple years of filing for a BK and start all over again. Call a New Jersey BK attorney at the Law Offices of Steven J. Richardson to discuss your bankruptcy. Call (856) 686-9910 or visit our website at to view our articles, blogs, books and other resources.
Steven J. Richardson
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Bankruptcy, Collections, Student Loan, DUI and Traffic Court attorney in Woodbury, NJ.