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    • Houston01
    • By Houston01 5th Jan 18, 4:17 PM
    • 5Posts
    • 0Thanks
    Bankrupcy now off credit reports
    • #1
    • 5th Jan 18, 4:17 PM
    Bankrupcy now off credit reports 5th Jan 18 at 4:17 PM
    Hi - I am new to this so please be nice.

    9 Years ago I had to go through bankruptcy. After a very hard lesson which I have learnt from, I have been working extremely hard to repair my credit score.
    The bankruptcy has dropped off my credit report and that was 2 years ago now. I got a credit card and have been using that and paying it off to help me get a good credit history again and build my credit score.

    I am in a good job with a good salary and have been for 7 years..... I feel now, that I need a new car but will need finance for this but feel extremely comfortable about doing this now for the first time since I went bankrupt.

    My question is that if the question is raised by the car finance whether or not I have been bankrupt do I have to declare it and will it affect me if I do. I don't want to be dishonest but feel that I have paid for my mistakes and that as it no longer appears on my credit report why I should have to declare this. I will if I have to.

    I know with a mortgage they do search for this and if I was applying for a mortgage I would be upfront but I cant remember as it was well over 14 years ago since getting car finance, if they ask this question.

    Your advice would be greatly appreciated.
Page 1
    • Steven_from_scotland
    • By Steven_from_scotland 5th Jan 18, 11:10 PM
    • 47 Posts
    • 17 Thanks
    • #2
    • 5th Jan 18, 11:10 PM
    • #2
    • 5th Jan 18, 11:10 PM
    All depends on the question they ask you, some might ask have you been bankrupt in the last 5 years, you can answer no

    But if they ask have you ever been declared bankrupt then you should just be truthful and say yes
    • KeepOnKnitting
    • By KeepOnKnitting 6th Jan 18, 11:34 AM
    • 150 Posts
    • 205 Thanks
    • #3
    • 6th Jan 18, 11:34 AM
    • #3
    • 6th Jan 18, 11:34 AM
    As it is car finance though, they are unlikely to ask.
    Save £12k in 2018 #62
    • Houston01
    • By Houston01 6th Jan 18, 1:03 PM
    • 5 Posts
    • 0 Thanks
    • #4
    • 6th Jan 18, 1:03 PM
    • #4
    • 6th Jan 18, 1:03 PM
    Thats what I was thinking.
    Thankyou. I think I just needed clarification. Thank you
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