Bankruptcy Myth 5: You Will Never Get Credit Again

Posted By David Pritchard || 10/20/2020

Over the years, I have learned that there is a lot of misinformation circulating about bankruptcy. Much of the information is good and gives fair description of how a bankruptcy filing may impact you. However, there is a lot of misinformation or simply untrue information about bankruptcy. If the next several blogs, will deal with a number of these myths people may read about filing bankruptcy.

Bankruptcy Myth 5: You Will Never Get Credit Again.

FACT: FILING BANKRUPTCY MAY BE THE BEST THING THAT EVER HAPPENS TO YOUR CREDIT. Filing bankruptcy gets rid of debts you can’t afford. Besides, having less debt to pay after a bankruptcy makes you look more attractive to banks, credit card companies, and other lenders. In my experience, unfortunately, it won’t be long before you’re getting credit card offers again.

David Pritchard
The Pritchard Law Firm
david@dlplegal.com

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