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How does filing a chapter 13 affect a person credit rating?

April 26, 2017affect Chapter 13 Credit rating filing person

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How does filing a chapter 13 affect a person credit rating?

2 Answers

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In many case the filing of a Chapter 13 will worsen a debtor’s credit rating. However if most of the person’s debt is ultimately paid off under the plan, credit reporting agencies may take that fact into account.

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In many case the filing of a Chapter 13 will worsen a debtor’s credit rating. However if most of the person’s debt is ultimately paid off under the plan, credit reporting agencies may take that fact into account.