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  • FIRST POST
    • Mrwesty
    • By Mrwesty 8th Oct 17, 5:14 PM
    • 3Posts
    • 0Thanks
    Mrwesty
    Credit post bankruptcy
    • #1
    • 8th Oct 17, 5:14 PM
    Credit post bankruptcy 8th Oct 17 at 5:14 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 a 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
    • zx81
    • By zx81 8th Oct 17, 5:30 PM
    • 13,668 Posts
    • 14,123 Thanks
    zx81
    • #2
    • 8th Oct 17, 5:30 PM
    • #2
    • 8th Oct 17, 5:30 PM
    Try a sub prime lender - eg aqua or Vanquis.

    Ignore all of your credit scores, and ensure that you clear bills in good time and never go overlimit.
    • jonesMUFCforever
    • By jonesMUFCforever 8th Oct 17, 5:31 PM
    • 24,081 Posts
    • 11,368 Thanks
    jonesMUFCforever
    • #3
    • 8th Oct 17, 5:31 PM
    • #3
    • 8th Oct 17, 5:31 PM
    What is exactly shown on the CRA's?

    If any mention of defaults etc then only perhaps the deposit based cards will touch you.
    What goes around - comes around
    give lots and you will always receive lots
    • Mrwesty
    • By Mrwesty 8th Oct 17, 5:33 PM
    • 3 Posts
    • 0 Thanks
    Mrwesty
    • #4
    • 8th Oct 17, 5:33 PM
    • #4
    • 8th Oct 17, 5:33 PM
    All defaults are settled I sorted them out last February.
    • jonesMUFCforever
    • By jonesMUFCforever 8th Oct 17, 6:17 PM
    • 24,081 Posts
    • 11,368 Thanks
    jonesMUFCforever
    • #5
    • 8th Oct 17, 6:17 PM
    • #5
    • 8th Oct 17, 6:17 PM
    All defaults are settled I sorted them out last February.
    Originally posted by Mrwesty
    ........But are they showing on there even if showing now as settled?

    If they are you will have difficulties - if they have dropped off it will be easier for you to get a card.
    What goes around - comes around
    give lots and you will always receive lots
    • Somerset La La La
    • By Somerset La La La 8th Oct 17, 7:56 PM
    • 398 Posts
    • 107 Thanks
    Somerset La La La
    • #6
    • 8th Oct 17, 7:56 PM
    • #6
    • 8th Oct 17, 7:56 PM
    Bankruptcy hasn't dropped though, so will still have major issues.

    Is Aqua the one showing 10% by any chance? I had them at 10% from whilst I was bankrupt, right the way through discharge. When I was finally accepted, it only said 10% - so take all that with a massive pinch of salt. Even now it says 10% and I have their reward card with £2k

    Check you've 100% cleaned up your files correctly - e.g all default dates on or before the first date of your bankruptcy (Feb 16 assuming it was a standard 1 year discharge and not extended). Check all debts are showed as partially settled/satisfied as of Feb 2017.

    If you've got a reasonable income I'm surprised you aren't pre-approved for a Capital One (try totallymoney.com - it's similar to the MSE one but definitely shows Capital One - MSE are hit and miss with Cap1).

    Reason I say Totally Money and not the Cap1 site direct - Cap1 direct give you the bog standard one only. TM have specials (0% for 3 months, lower APR etc etc).

    Unless Cap1 were a creditor, then you have to wait a bit longer like I had to. If you got a BRU/BRO then you'll probably struggle for a bit longer too

    If Totally Money search comes back as nada, then you really are too soon. You could have a go at applying for the secured card directly (http://www.capitalone.co.uk/creditcards/securedTC25.jsf) - But bear in mind I got declined for that, declined for a proper card... then accepted for a proper card 2 weeks later. Madness.

    If you have recovered from root cause and want to build again, then my advise would be open a Jacamo/JD Williams account. I have several, they put your limit up every time you shop if you use it once every 3 months or so.

    Time will heal... I've been discharged 2 years and still can't get a proper bank account (luckily my pre-BR accounts I wasn't overdrawn on stayed open, and despite flat out refusing me lending, the banks haven't thrown their toys out the pram and closed them down).

    I wouldn't go anywhere near a main bank - my income is reasonably high now and they still won't touch me, and that's despite 3 years since BR.

    Edit: Just realised my first Cap1 approval kicked in about 9 months after discharge, so 21 months from bankruptcy... if they say no now, try again via Totally Money next month!!
    Last edited by Somerset La La La; 08-10-2017 at 8:01 PM.
    Ex-Bankrupt, Discharged 09/2015
    Cap1 Platinum - Jul 2016, £4,000.... Consolidation game!
    Aqua Reward (0.5% Cashback) - Nov 2016 - £1,950
    Vanquis Chrome 24.7% - July 2017, £1,000
    Car Loan - Sept 2017 - £15k outstanding, early settlement = £10k....
    Rebuild for Mortgage (10/2018)
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