I Want to Pay Back My Debts After Bankruptcy
By Bankruptcy Attorney on Apr 21, 2007 in Life After Bankruptcy
If you consider paying back some Creditors from your bankruptcy consider this. In general, you are just a business transaction to all but the smallest of lenders and your bankruptcy is overall irrelevant to their financial future.
In addition, paying back Creditors after bankruptcy generally has no positive benefit to your Credit Score.
In fact, paying back debts after bankruptcy or after Creditors write you off, may decrease your credit score.
Focus on paying back current obligations and stabilizing your finances. The emotional response to try and pay back debts after bankruptcy or write-off may put you in a worse position financially and destroy progress you have made keeping-up on current obligations.
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