Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • LEK
    • By LEK 12th Jul 17, 11:00 AM
    • 81Posts
    • 41Thanks
    LEK
    Discharged :)
    • #1
    • 12th Jul 17, 11:00 AM
    Discharged :) 12th Jul 17 at 11:00 AM
    Good morning all,

    The day I've been anxiously waiting on now for the last few weeks has finally arrived... I am officially discharged as of today

    I've already dropped an email to my contact at the Insolvency Service kindly asking for proof of my discharge but I was just touching base on here to see if there is anything else I can now start doing to clean things up further i.e. credit file cleanup?

    Needless to say it's a great feeling I am experiencing today, and a huge thanks to those who helped me out on here over the past year and also the people who have shared their own experienced with BR

    Many thanks - Liam.
Page 1
    • Potbellypig
    • By Potbellypig 12th Jul 17, 1:10 PM
    • 99 Posts
    • 37 Thanks
    Potbellypig
    • #2
    • 12th Jul 17, 1:10 PM
    • #2
    • 12th Jul 17, 1:10 PM
    I don't get it. What are you happy about?
    • LEK
    • By LEK 12th Jul 17, 1:48 PM
    • 81 Posts
    • 41 Thanks
    LEK
    • #3
    • 12th Jul 17, 1:48 PM
    • #3
    • 12th Jul 17, 1:48 PM
    I don't get it. What are you happy about?
    Originally posted by Potbellypig
    About the fact that I've now reached the 1 year landmark and that I can now finally start to put all this behind me ??

    Liam.
    • Potbellypig
    • By Potbellypig 12th Jul 17, 4:04 PM
    • 99 Posts
    • 37 Thanks
    Potbellypig
    • #4
    • 12th Jul 17, 4:04 PM
    • #4
    • 12th Jul 17, 4:04 PM
    About the fact that I've now reached the 1 year landmark and that I can now finally start to put all this behind me ??

    Liam.
    Originally posted by LEK
    It's a long long road from here Liam, where you'll find out many things you didn't know before you went bankrupt.

    Good luck.
    • dojoman
    • By dojoman 13th Jul 17, 7:22 AM
    • 11,905 Posts
    • 17,176 Thanks
    dojoman
    • #5
    • 13th Jul 17, 7:22 AM
    • #5
    • 13th Jul 17, 7:22 AM
    It's a long long road from here Liam, where you'll find out many things you didn't know before you went bankrupt.

    Good luck.
    Originally posted by Potbellypig
    Don`t know what you mean by that??? I went BR 8 years ago and never found out anything that I did not already know about BR after my discharge. And I didn`t find it "a long long road"
    B&SC No. 298
    Life`s Tragedy is that we get OLD too soon
    and WISE too late!
    • Mollie_Guinness15
    • By Mollie_Guinness15 13th Jul 17, 9:35 AM
    • 156 Posts
    • 79 Thanks
    Mollie_Guinness15
    • #6
    • 13th Jul 17, 9:35 AM
    • #6
    • 13th Jul 17, 9:35 AM
    Do I detect some trolling? Seems a bit mean spirited, I think the worst of it is the days when you're being pursued by DCAs, and then the weeks up to being declared BR, then it's a slow but sure climb out of the darkness and on to better times.
    • LEK
    • By LEK 13th Jul 17, 11:45 AM
    • 81 Posts
    • 41 Thanks
    LEK
    • #7
    • 13th Jul 17, 11:45 AM
    • #7
    • 13th Jul 17, 11:45 AM
    Don't worry guys - Potbellypig has probably got nothing better to do with his time!

    If anything since going BR I've learnt to be smarter and wiser with my finances, and also more so especially since going BR as my little girl was born back in February.

    True it's been a bit of a steep battle with turning things around and living with the fact of being BR, but it's certainly been for the better and to be honest I've never been happier than I am right now - I certainly will not miss the days of being back in 2015 / start of 2016 with hardly having any money and constantly jumping obstacles in order to keep on top with my past debts. Now I aim to excel further, as well as anticipate the day in a few years time when my BR falls off my record for good.

    Liam.
    • luvchocolate
    • By luvchocolate 13th Jul 17, 11:56 AM
    • 1,403 Posts
    • 1,241 Thanks
    luvchocolate
    • #8
    • 13th Jul 17, 11:56 AM
    • #8
    • 13th Jul 17, 11:56 AM
    its all down hill from now on!!!!
    It was a great sense of relief to me 4 years ago.
    Look forward.....not back and enjoy your life
    • keepcalmandstayoutofdebt
    • By keepcalmandstayoutofdebt 13th Jul 17, 12:16 PM
    • 2,775 Posts
    • 1,442 Thanks
    keepcalmandstayoutofdebt
    • #9
    • 13th Jul 17, 12:16 PM
    • #9
    • 13th Jul 17, 12:16 PM
    Can't believe I'm on countdown now for the 6th year. 5 years ago this week 6 years felt so long away the day I received the call that my DRO had been approved.
    Time passes so quickly.
    Wonder if anyone goes back to the exact location where they stood when they took the news 6 years on.
    "If you are caught in a rainstorm, once you accept that you'll receive a soaking, the only thing left to do is enjoy the walk"
    • Potbellypig
    • By Potbellypig 13th Jul 17, 1:18 PM
    • 99 Posts
    • 37 Thanks
    Potbellypig
    Don't worry guys - Potbellypig has probably got nothing better to do with his time!

    If anything since going BR I've learnt to be smarter and wiser with my finances, and also more so especially since going BR as my little girl was born back in February.

    True it's been a bit of a steep battle with turning things around and living with the fact of being BR, but it's certainly been for the better and to be honest I've never been happier than I am right now - I certainly will not miss the days of being back in 2015 / start of 2016 with hardly having any money and constantly jumping obstacles in order to keep on top with my past debts. Now I aim to excel further, as well as anticipate the day in a few years time when my BR falls off my record for good.

    Liam.
    Originally posted by LEK
    Not at all Liam. Firstly, let me give you some advice about the Internet. When you post something on the Internet, you will find a variety of people with many different opinions. On this occasion, you seem elated that you're discharged from your bankruptcy (this really doesn't mean a lot, but hey, it's your life). I gave you a different opinion based on past experiences. If you choose to see this as 'he's got nothing better to do with him time', that is your prerogative, but it doesn't necessarily make it true.

    Secondly, you've learnt nothing yet. Becoming savvy with money doesn't happen in 12 months. The correct attitude to money management is created over a lifetime of making what your deem to be the correct choices. I've made many mistakes with money in the past (I went bankrupt too), and I still make daft decisions at times now. I would argue that until over a consistent period of time (10 years, for example), you have no debt (mortgage excluded) and you consistently earn more than you spend, then you can pat yourself on the back and say ''I think I've got this thing sussed''. Having your debt level reset back to zero doesn't all of a sudden make you savvy with money.

    Like I say, good luck, Liam.
    • TheGardener
    • By TheGardener 13th Jul 17, 2:18 PM
    • 2,090 Posts
    • 1,995 Thanks
    TheGardener
    ...Becoming savvy with money doesn't happen in 12 months. The correct attitude to money management is created over a lifetime of making what your deem to be the correct choices. ..
    Originally posted by Potbellypig
    Ahh but - you are making the assumption that all BR's have to learn how to be savvy and have 'the correct attitude' to money' and it was their own foolishness that got them BR in the first place...

    Well - that really does show just how little you know about BR Potbelly
    • LEK
    • By LEK 19th Jul 17, 11:17 AM
    • 81 Posts
    • 41 Thanks
    LEK
    Just a quick update...

    Wrote to all four of my previous creditors alerting them of my recent discharge, three of them have acknowledged & also stated that they will update their records and the relevant ones will also alter my original default dates to reflect on my original BR date, as well as settling or partially settling the accounts so pretty happy about that most importantly. I also posted out copies of my discharge certificate to all of them as well.

    Moving forward I also decided to apply for a couple of credit building credit cards last week to try and get straight onto repairing my credit file further. Firstly, Vanquis referred me and said they would get in touch due to them having to carry out further security checks. Secondly, Capital One initially referred me for extra checks, but to my amazement then sent an approval email a few hours later complete with a starting credit limit of £200.

    Vanquis rang two nights later after the initial application and spent a good half an hour on the phone answering a lot of questions, to which eventually led to them accepting me for a card as well with a starting limit of £250.

    Not bad going at all really, though I've not heard nor had any postal correspondence from Vanquis since the follow up phone call the other night. Capital One have already sent me my PIN and set up my online account. Capital One's card is a lower interest rate so I may just stick with them moving forward and eventually cancel the Vanquis one if it's still going ahead.

    Liam.
    Last edited by LEK; 19-07-2017 at 11:22 AM.
    • BobbyEwing
    • By BobbyEwing 19th Jul 17, 1:20 PM
    • 12 Posts
    • 1 Thanks
    BobbyEwing
    Hi
    Did both credit card companies ask for proof of discharge as you applied so close to your bankruptcy ending?
    • LEK
    • By LEK 19th Jul 17, 1:35 PM
    • 81 Posts
    • 41 Thanks
    LEK
    Hi
    Did both credit card companies ask for proof of discharge as you applied so close to your bankruptcy ending?
    Originally posted by BobbyEwing
    Nope, neither of them asked for proof from me. I applied for both cards the following day after the discharge. I did a new ClearScore credit report just before applying for both of them and it already showed me as discharged so I imagine when both companies did the credit checks on me, they would see that I am discharged.

    For further insight, I also did the "soft search" eligibility checker for both cards before applying to see what chances I had. Both of them said I would be approved if I applied.

    Liam.
    • adyj73
    • By adyj73 19th Jul 17, 2:36 PM
    • 161 Posts
    • 49 Thanks
    adyj73
    Well done Liam. Now you can just count down the next five years until the BR disappears off your credit file forever.
    • db2016
    • By db2016 20th Jul 17, 10:42 PM
    • 38 Posts
    • 91 Thanks
    db2016
    You say accounts settled or partially settled? I thought debts were wiped in bankruptcy?? And they would be written off?
    • spruk
    • By spruk 21st Jul 17, 12:17 AM
    • 10 Posts
    • 4 Thanks
    spruk
    Congratulations on the discharge, I'm discharged in three weeks and can't help but count down the days.

    All the best for the future.
    • LEK
    • By LEK 21st Jul 17, 11:22 AM
    • 81 Posts
    • 41 Thanks
    LEK
    Have all your debts wiped off to then go back into debt a year later. Seems logical.
    Originally posted by Potbellypig
    Perhaps you should look on the positive outlook of this rather than attempt to somewhat criticise me based on my financial past. At the end of the day you don't know anything about me, nor do I know anything about you... I like to think that it can stay that way. As already explained by another member on here and I shouldn't really have to spell out the obvious, I've merely only gone for a credit card in order to start repairing my credit file. Seems pretty logical to me I reckon ??

    Congratulations on the discharge, I'm discharged in three weeks and can't help but count down the days.

    All the best for the future.
    Originally posted by spruk
    Thank you mate And all the best to you as well for when you are discharged as well, the last three weeks for you will hopefully fly by.

    Liam.
    • jonesy1973
    • By jonesy1973 21st Jul 17, 2:13 PM
    • 39 Posts
    • 23 Thanks
    jonesy1973
    Good for you mate and good luck for the future rebuilding your credit file and moving on. As for the negative bile being spouted by @potbellypig, he is either a troll or a "glass is half empty" kind of guy.
    Embrace The Chaos!
    • Potbellypig
    • By Potbellypig 23rd Jul 17, 9:28 AM
    • 99 Posts
    • 37 Thanks
    Potbellypig
    Good for you mate and good luck for the future rebuilding your credit file and moving on. As for the negative bile being spouted by @potbellypig, he is either a troll or a "glass is half empty" kind of guy.
    Originally posted by jonesy1973
    I'd like to call it experienced. 18 months ago LEK was up to his eyeballs in debt he couldn't afford to pay back. That's all been cleared and now he would like to go back into debt under the guise of 'rebuilding his credit'.

    Not everyone on the internet will share the same opinion as you. Doesn't mean that they are a troll just becuase you don't agree with them.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,241Posts Today

7,049Users online

Martin's Twitter