Numbers can impact your life for better or for worse. This is especially true when it comes to your personal finances. Many finance articles quote numbers that answer questions related to your money and how you should handle it. For example, how many months of savings should I have? How long does a bankruptcy stay on my credit report? Well, ask no more. Here’s a list of some of some of the most important numbers you need to know.
300: The approximate number of points you’ll lose from your credit score after declaring bankruptcy
10: The number of years a bankruptcy stays on your credit report.
6 to 8: The minimum number of months of household savings you should have
7: The number of years a settled debt stays on your credit report