{"id":1979,"date":"2014-01-24T22:54:47","date_gmt":"2014-01-24T22:54:47","guid":{"rendered":"http:\/\/www.bankruptcylawyer-nj.com\/?p=1979"},"modified":"2014-01-24T22:54:47","modified_gmt":"2014-01-24T22:54:47","slug":"bankruptcy-effect-credit","status":"publish","type":"post","link":"https:\/\/www.bankruptcylawyer-nj.com\/2014\/01\/24\/bankruptcy-effect-credit\/","title":{"rendered":"How Does Filing Bankruptcy In NJ Affect My Credit?"},"content":{"rendered":"<p>A New Jersey bankruptcy clearly has a negative impact on your credit score. In other words, a <a href=\"https:\/\/www.bankruptcylawyer-nj.com\/life-after-bankruptcy-rebuilding-your-credit-after-bankruptcy\/\">bankruptcy filing will definitely reduce one’s credit score<\/a>. The lower one’s credit score at the time of the filing, the less the bankruptcy filing will impact a credit score. However, typically after a bankruptcy discharge, a person’s credit worthiness increases substantially.<br \/>\nThe basics of one’s ability to obtain credit with a low interest rate is virtually common sense. What does a prospective creditor look at to determine whether a creditor will lend money and the amount that will be lent? Typically, they will consider the borrower’s income, debt, expenses, credit score, and assets. A credit score is only one criteria that is considered. Someone with an excellent credit score with a ton of debt and a low paying job, is typically not a good candidate for a loan.<br \/>\nAfter a bankruptcy discharge, a person can rebuild their credit score with some easy strategies.<br \/>\nYou may contact Robert Manchel, experienced NJ bankruptcy lawyer, at (866) 503-5655, to discuss <a href=\"https:\/\/www.bankruptcylawyer-nj.com\/2014\/01\/27\/improve-credit-bankruptcy\/\">how bankruptcy will impact your credit<\/a> and how bankruptcy protection may apply to your personal situation.<\/p>","protected":false},"excerpt":{"rendered":"<p>A New Jersey bankruptcy clearly has a negative impact on your credit score. In other words, a bankruptcy filing will definitely reduce one’s credit score. The lower one’s credit score at the time of the filing, the less the bankruptcy filing will impact a credit score. However, typically after a bankruptcy discharge, a person’s credit […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-1979","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-effect-of-bankruptcy-on-credit","7":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How does bankruptcy effect credit in New Jersey?<\/title>\n<meta name=\"description\" content=\"Robert Manchel, the NJ. bankruptcy lawyer, explains how bankruptcy effects one's credit.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bankruptcylawyer-nj.com\/2014\/01\/24\/bankruptcy-effect-credit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How does bankruptcy effect credit in New Jersey?\" \/>\n<meta property=\"og:description\" content=\"Robert Manchel, the NJ. bankruptcy lawyer, explains how bankruptcy effects one's credit.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bankruptcylawyer-nj.com\/2014\/01\/24\/bankruptcy-effect-credit\/\" \/>\n<meta property=\"og:site_name\" content=\"New Jersey Bankruptcy Attorney - Robert Manchel, Esq.-Manchel New Jersey Bankruptcy Law\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Law-Offices-of-Robert-Manchel-107436425946369\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-01-24T22:54:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bankruptcylawyer-nj.com\/wp-content\/uploads\/2024\/11\/manchel-new-jersey-bankruptcy-law-social-share.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"950\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Robert Manchel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ManchelLaw\" \/>\n<meta name=\"twitter:site\" content=\"@ManchelLaw\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Robert Manchel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.bankruptcylawyer-nj.com\/2014\/01\/24\/bankruptcy-effect-credit\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.bankruptcylawyer-nj.com\/2014\/01\/24\/bankruptcy-effect-credit\/\"},\"author\":{\"name\":\"Robert Manchel\",\"@id\":\"https:\/\/www.bankruptcylawyer-nj.com\/#\/schema\/person\/9eadb376274098279e956a993bff603e\"},\"headline\":\"How Does Filing Bankruptcy In NJ Affect My Credit?\",\"datePublished\":\"2014-01-24T22:54:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.bankruptcylawyer-nj.com\/2014\/01\/24\/bankruptcy-effect-credit\/\"},\"wordCount\":203,\"publisher\":{\"@id\":\"https:\/\/www.bankruptcylawyer-nj.com\/#organization\"},\"articleSection\":[\"Credit And Bankruptcy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.bankruptcylawyer-nj.com\/2014\/01\/24\/bankruptcy-effect-credit\/\",\"url\":\"https:\/\/www.bankruptcylawyer-nj.com\/2014\/01\/24\/bankruptcy-effect-credit\/\",\"name\":\"How does bankruptcy effect credit in New Jersey?\",\"isPartOf\":{\"@id\":\"https:\/\/www.bankruptcylawyer-nj.com\/#website\"},\"datePublished\":\"2014-01-24T22:54:47+00:00\",\"description\":\"Robert Manchel, the NJ. bankruptcy lawyer, explains how bankruptcy effects one's credit.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.bankruptcylawyer-nj.com\/2014\/01\/24\/bankruptcy-effect-credit\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.bankruptcylawyer-nj.com\/2014\/01\/24\/bankruptcy-effect-credit\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.bankruptcylawyer-nj.com\/2014\/01\/24\/bankruptcy-effect-credit\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.bankruptcylawyer-nj.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How Does Filing Bankruptcy In NJ Affect My Credit?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.bankruptcylawyer-nj.com\/#website\",\"url\":\"https:\/\/www.bankruptcylawyer-nj.com\/\",\"name\":\"New Jersey Bankruptcy Attorney - 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