Bankruptcy Risk Score

We all know just how important it is for us to know our credit score, but have you ever heard of your bankruptcy risk score? Probably not, because as of right now, consumers do not have access to their BRS.

The reason why we should want to have access to our BRS is due to the simple fact that knowledge is power. We need to know if we are at risk and if the information used to compile our score is correct or not.

Credit bureaus say that consumers don’t need to know their scores because the information is more for lenders than for anyone else. But, if that information could help a consumer to get back on track financially, then that info would be very helpful in the long run.

There are no plans to release this information to consumers as of yet, but chances are your BRS is calculated using much of the information in your credit history. So pay your bills on time each month and always check the info in your credit report to make sure it’s accurate.

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