Can Bankruptcy Boost Your Credit Score?

Here's a unique twist on credit scores found at SmartMoney.com:

"The decision of whether to file for bankruptcy protection is
not an easy one. Among the numerous concerns, one that is
typically front and center is the worry that your credit rating
will be so damaged that securing a loan — even at a lousy rate
— will be darn near impossible. "

True. Their editors have hit the credit score problem squarely on the head. We've been preaching that one needs to carefully protect their credit rating for years on this blog. But the following caught us by surprise, and we'd like to share this with our readers:

"But here's some surprising news: In many cases, the damage done
to one's credit score isn't nearly as bad as expected. Over the
long run, obtaining a score high enough to make you eligible
for very competitive rates isn't out of the question. "

That's good news when it comes to bad credit might not be ALL bad! You can read more of this interesting article at:

http://www.smartmoney.com/debt/advice/index.cfm?story=boostscore