Struggling each month to pay your bills can quickly take a toll. You may notice the pressure affecting many areas of your life, including your job, your relationships and your health. You know there are alternatives that could set you on a path to debt relief, but too many uncertainties keep you from taking the first step.
One of the most common factors that prevents people like you from investigating the possibility of filing for bankruptcy is the fear that the process will ruin their credit ratings. After all, even if you resolve to avoid getting back into debt, you will certainly need to purchase a car or home at some point. Even a used car may require a loan, and renting an apartment often involves a credit check. So, how does bankruptcy truly affect your credit score?