bankruptcy affects credit score
What’s the best way to increase my credit score?
My score is 520. I have a lot of old debts that I got while I was young and didn’t know how it would affect me now that I’m trying to buy a house. I’m 29 and is bankruptcy or chapter 13 an option?
I asked this ? for advice, not smart comments thank you very much.
520 isnt all that bad (its very close to the average)
You can increase it by paying all your bill on time (and paying more than the minimum payment everytime), maybe closing some extra credit cards, paying off those old debts, spend your money wisely (dont go out on a shopping spree when you know you cant afford it and buy things that you need…not want)
I dont think you would need to file for bankruptcy unless you have so much debt that you cant pay it back right now and if your thinking about filing for bankruptcy to increase your credit score, that wont happen. I’ve heard that filing for bankruptcy only makes your credit score go down.
