Archive for December 31st, 2010

Fix bad credit/file bankruptcy? 10 pts?

Jennifer Thorson asked:


I want to buy a home and even though I have the money for down payment and income required I repeatedly get turned down due to bad credit. I was wondering how to improve my credit score. Is filing bankruptcy a good idea since I do have allot of high dollar amounts on my credit report? What about civil penalties does bankruptcy erase those?

Nellie