If you’ve filed for Chapter 13 bankruptcy, you can expect your credit score to be affected in a few different ways, including:
Visibility of the bankruptcy on your credit report for seven to 10 years A short-term worsening of your credit score shortly after filing Possible credit score improvement, depending on repayment of debts and other factors Although it’s never good for a person’s credit score to file bankruptcy, doing so may alleviate some financial constraints and even allow you to improve your score over time. When you file for Chapter 13 bankruptcy, you should expect your score to drop. This is normal, but there are ways you can bring the score back up. For example, paying off all debts that you are able to repay and ensuring that you do not accumulate any more debt can boost your score.