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14.
Bankruptcy permanently lowers your credit score without hope for increasing it.
False
True
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Answered by
GPT-5 mini
AI
False.
Bankruptcy does lower your credit score and stays on your credit report (generally 7 years for Chapter 13, 10 years for Chapter 7), but it is not permanent — you can rebuild credit over time. Making on‑time payments, using a secured credit card or credit‑builder loan, keeping balances low, and monitoring your credit report will help raise your score steadily after bankruptcy.
Bankruptcy does lower your credit score and stays on your credit report (generally 7 years for Chapter 13, 10 years for Chapter 7), but it is not permanent — you can rebuild credit over time. Making on‑time payments, using a secured credit card or credit‑builder loan, keeping balances low, and monitoring your credit report will help raise your score steadily after bankruptcy.
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