Question

After a bankruptcy procedure is completed, when can you start rebuilding your credit?(1 point)
Responses

three years
three years

right away
right away

seven years
seven years

ten years
ten years

Answer 1

You can start rebuilding your credit right away after a bankruptcy procedure is completed. While the negative impact of the bankruptcy will remain on your credit report for several years (typically up to 7-10 years depending on the type of bankruptcy), you can take steps to improve your credit score immediately after the bankruptcy is finalized.