Deep in dept
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pw
New Member

Deep in dept

It’s so hard for me to pay back all my dept and raise my score even with a secured credit card or regular credit card
.... Should I just file bankruptcy
2 Replies
NCperson
Level 15

Deep in dept

declaring Bankruptcy is a very drastic and expensive step and one that will further limit your ability to improve your credit score.  Obtaining credit gets even harder, not easier 

 

 

a few suggestions 

 

a- many communities have non-profit organizations that help people through credit challenges. check the local library for names of organizations

 

b - talk to a Bankruptcy attorney and determine if that path is the right one. 

jlohani
Level 3

Deep in dept

Really do some research before filing for bankruptcy. Here's a good place to start: https://blog.mint.com/how-to/bankruptcy-a-to-z-when-to-file-and-how-to-recover/

 

Whatever you choose to do, just remember that it's a phase in your life. It will pass and it will get better (especially if you learn from it).

 

Good luck to you!!

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