Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

use the drop - down to complete each statement. after bankruptcy, your …

Question

use the drop - down to complete each statement.
after bankruptcy, your credit score will decrease. it will have a negative impact on your credit health.
discharged accounts will still impact your score.
the bankruptcy will be reflected on your credit score for as long as
1 - 3 years
4 - 7 years
7 - 10 years

Explanation:

Brief Explanations

To determine the duration bankruptcy reflects on a credit score, we refer to financial and credit - related knowledge. In the context of credit reporting, a bankruptcy typically remains on a credit score for 7 - 10 years. This is a well - known fact in the domain of finance (a sub - field of Business) related to credit management.

Answer:

7 - 10 years