Your bankruptcy will be notated on your credit report for 10 years. But there are many ways to rebuild your credit as soon as your bankruptcy has concluded. It is common for people to get car loans and credit cards immediately after the discharge of their case. You may also qualify for a home loan in 2-3 years after the bankruptcy has been discharged. House Packard McElderry can give you tips and advice for quickly rebuilding your credit.
Many times, by the time people consider bankruptcy, they have already missed payments or had accounts turned over to collections. In these cases, a bankruptcy can actually help your credit!