How Is Creditworthiness Determined

creditworthiness-determinedMany fear filing bankruptcy because they are concerned that they will not be able to borrow money after bankruptcy. The truth is if you have more debt than you can repay, bankruptcy or a consumer proposal is the first step in beginning the credit repair process.

Rebuilding your credit is easier if you understand how the credit process works. Our infographic outlines 6 factors creditors look for and provides tips on getting a loan after bankruptcy.

credit score and bankruptcy