But sometimes it may be the best option.
Although, a bankruptcy on your credit report may cause some lenders to deny your application more often than not, a bankruptcy hurts less as time goes on.
The fact of the matter is that if you continue on a path of struggling and not being able to pay your bills it usually hurts you more than a bankruptcy will in the long run.
Sure, a bankruptcy doesn?t look good nor does it feel good either. But continued problems on your credit report actually make things worse, with no end in sight.
But a bankruptcy puts all of that behind you. You get a clean slate.
A bankruptcy can be a good answer for a new beginning and fresh start.
Yes, it can haunt you for awhile but it won?t haunt you forever.