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    • Mrwesty
    • By Mrwesty 8th Oct 17, 5:09 PM
    • 3Posts
    • 0Thanks
    Mrwesty
    Credit post bankruptcy
    • #1
    • 8th Oct 17, 5:09 PM
    Credit post bankruptcy 8th Oct 17 at 5:09 PM
    Evening peeps

    I'm 20 months nearly post bankruptcy I was discharged Feb 2017. I cleaned up my file soon after. I have been looking for a credit card to start rebuilding my credit history but it says iv got 10% chance of getting one so I Havant tried yet. Can anyone tell me if they have got one this early on? It says you can try 12-18 post bankruptcy but if only 1-10 can get one then I want chance it. I have a resonabel income.
    Clear score 251
    Noodle score 527
    Experian score 501

    Could anyone fill me in on best options or what they know

    Many thanks
Page 1
    • haggis0073
    • By haggis0073 8th Oct 17, 5:15 PM
    • 42 Posts
    • 16 Thanks
    haggis0073
    • #2
    • 8th Oct 17, 5:15 PM
    • #2
    • 8th Oct 17, 5:15 PM
    more and more credit card companys are doing soft searches which give you an indication of wheather you would be accepted without harming your actual credit file, i know capital one do it, and i think possibly marbles credit card do
    • rjwr
    • By rjwr 8th Oct 17, 6:56 PM
    • 314 Posts
    • 202 Thanks
    rjwr
    • #3
    • 8th Oct 17, 6:56 PM
    • #3
    • 8th Oct 17, 6:56 PM
    If you are in a position to wait for credit, then I would avoid getting hooked up with a capital one or other "sub prime" credit card company just now.

    Who do you bank with?

    Do you have a contract mobile phone? If not, apply for a sim only at first, then convert that to a full contract. That would be the start.

    Next, speak to your bank, if you have the above, then just speak to your bank. You are likely to have a Barclays or Co-op bank account due to the bankruptcy, I banked with both and the co-op offered me a £500 credit card 18 months after bankruptcy, so 6 months after discharge. I used this for a while for business expenses and rarely carried a balance over.

    A year or so after I spoke to Barclays, they offered me a £5000 credit limit card. I took this and closed the Co-op's card.

    Earlier this year, Sainsbury's offered me a £4500 limit card, in addition to the Barclays. Needless to say, iv'e closed both and there is another thread on this that I started. I didn't want and or need access to credit.

    I also have a mortgage, this is coming up to it's two year point in a couple of months.

    Whilst a discharged bankrupt I obtained and paid off the following credit (before i got a mortgage)

    SCS sofa and coffee table: £1800
    Evans cycles road bike: £800
    PMT gibson guitar: £800
    Evans cycles MTB: £1600
    Benson for beds bed: £2500
    PMT fender guitar: £1400

    My wife doesn't have an income, but i've been guarantor for two of her cars, both have been paid off, although there is a thread on the mini, i sold it at a cost but, still paid off:

    Smart Car: £6,000
    Mini: £12,999

    None of the above we needed, it was purely things we wanted, and clearly we had the money to buy these things in a reasonable time frame, but like most people, wanted it now so credit was easy.

    The point to my thread is, remain positive. Just because you have been through bankruptcy, and in my experience and opinion, as long as you handle your finances "well" then you will have just as much access to credit as the next person.

    Start small and work from there. Good luck and I hope this helps.
    But never spend money you don't have to buy things you don't want to impress people you don't like.
    .
    Originally posted by kidmugsy
    • Scooby99
    • By Scooby99 9th Oct 17, 12:41 AM
    • 31 Posts
    • 1 Thanks
    Scooby99
    • #4
    • 9th Oct 17, 12:41 AM
    • #4
    • 9th Oct 17, 12:41 AM
    I got one the day after bankruptcy with Vanquis. They specialise in ex-bankrupts
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