Quote:
Originally Posted by Babyboomer15
I filed about a year before I became disabled. I was awarded SSDI about 18 months later.
Why would it be different on SSDI? Its looked at as the same. If you don't pay your CC bills it goes against you on your credit report, bankruptcy or not.
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BK lasts for 10 years, negative credit history for 7 years, on Credit Reports. There is also the expense and time spent with the BK process. I'm not claiming it's not a valid option for some, it just isn't necessary for all. AND, it's not exactly uncommon for people to spend their backpay on debt that's out of statute of limitations, which ironically, adversely effects their credit scores, because it reages the debt.
