QUESTION IMAGE
Question
use the drop - down to complete each statement
after bankruptcy, your credit score will
increase
decrease
it will have a
impact on your credit health.
discharged accounts will
the bankruptcy will be reflected on your credit score for as long as
- After bankruptcy, financial events like this typically harm creditworthiness, so credit score decreases.
- A bankruptcy is a major negative event, so it has a negative impact on credit health.
- Discharged accounts in bankruptcy are part of the negative financial record, so they contribute to a decrease in credit score (or align with the negative impact context).
- Bankruptcies stay on credit reports for a long time (e.g., 7 - 10 years depending on type, but the key is it's a long - term reflection). For the first drop - down (credit score after bankruptcy): decrease (as bankruptcy is a negative event for credit, so score goes down). For the impact: negative (since bankruptcy harms credit health). For discharged accounts: typically, discharged accounts in bankruptcy still are part of the negative history, so if the drop - down had options like "be part of negative history" or in the context of the first part, if the second action (discharged accounts) relates to credit score, they would also lead to a decrease (but based on the first drop - down shown with increase/decrease, the first blank (credit score after bankruptcy) is decrease.
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First drop - down (After bankruptcy, your credit score will): decrease
Second drop - down (It will have a [impact]): negative (assuming options like positive/negative; if options were different, but contextually negative)
Third drop - down (Discharged accounts will [action on credit score, if similar to first]): decrease (if options are increase/decrease)
Fourth drop - down (The bankruptcy will be reflected on your credit score for as long as): a long period (e.g., 7 years for Chapter 13, 10 years for Chapter 7; but if options were time - related, like "7 years", "10 years", etc., the appropriate time - frame option)
(Note: Since the exact drop - down options for the last two aren't fully visible, but based on financial knowledge about credit and bankruptcy, the above are the logical answers for the visible and inferable parts.)