How bad is bankrupcy?
Answer:
i filed and it was like removing a mountain off my shoulders. i have not tried to purchase anything major like a house or a car yet, however it has been a little over a year and i have two credit cards that i alternate using and pay the amount off each month. i know this is not the best way to rebuild your credit but i'm going with it till i get out of school.
Bad I couldnt even buy shoes
It depends on the type.both are pretty bad and the worst thing you can do to your credit. If you have no other choice though, do it.
Not as bad as being in debt.After about 6 months,or less creditors will start offering you high lines of credit knowing you cant possibly go back into debt for at least 7 years.Just be careful,and if you do take those credit lines after filing,pay your balance off even if you pay the minimum .
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