Five Credit Score Killers


As Dallas bankruptcy lawyers we are often asked by our clients about what helps and what hurts their credit scores. Bankruptcy hurts, of course, but you can recover from that over time. There are other actions you can take, usually in a futile attempt to avoid or delay bankruptcy, that also can hurt your credit score. Sometimes it’s best to just bite the bullet and file for bankruptcy. That way you can preserve your money for your family, rather than lose it all by trying to pay bills you can’t afford. You also may be able to avoid foreclosure, and foreclosure can have a terrible effect on your credit score.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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