The truth is: Sometimes your credit score will be better off after declaring bankruptcy. And here’s why…If you are struggling with your finances and your credit score, and you do not see an immediate light at the end of the tunnel, you will probably continue to struggle for a few more years. As you fight to stay afloat, you will probably miss a few payments here and there.And your credit score will suffer. In two years, it will be exactly where it is now.

In fact, it might be even worse. And it won’t get better until your finances take a drastic turn. But if you declare bankruptcy today, and then start the process of rebuilding your credit score after bankruptcy, in two years, you could have a terrific credit score.

You have to take the right steps, of course, but if you do your research and know all about the process, declaring bankruptcy might end up being the best thing that happens to your credit score.