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Is Bankruptcy Bad for Your Credit?

Illustration showing a bankruptcy file and a credit score gauge, with an arrow pointing to an average credit score around 600, asking 'Does bankruptcy destroy your credit?

Is Bankruptcy Bad for Your Credit? When people hear the word bankruptcy, they often assume it will “destroy” their credit forever. That simply isn’t true. In reality, bankruptcy is often the first step toward improving your financial health — and for many people, even improving their credit faster than if they struggled with overwhelming debt […]