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Experian just added bankrupt records to my credit file from over 8 years ago
I have just noticed a change to my otherwise perfect credit file whereby Experian has added adverse data to my credit file on July 2024. The data relates to a bankruptcy back in Feb 2016 of which dropped off my report back in 2022 after the 6 year period. I raised this with Experian and the initial response was to send in…
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DRO & new car purchase
Hi, can anyone advise me please? my DRO started in February this year so my car asset limit was the £2000 mark. My car is now on its last legs 07 reg, will cost more to repair than it's worth. As the asset limit for cars went up to £4000 after I entered in to a DRO can I now just replace my car up to the new value without…
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sorry to pester you with this question
my mother is 87, the only parent I have left,my dad died 24 years ago, she lives 600 miles away in the north of Scotland and I do a WhatsApp call every Sunday. she is housebound due to mobility problems and gets free homehelps 4 times a day from council. social services funding and rules seems to be better in Scotland for…
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How fast is the insolvency service?, here is how fast !
from their targets and their performance 2020-2023
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GOT OUR DROS Today!!
just phoned the insolvency service , my dro and wife's dro got approved, got email confirmation today too. the IS register will be updated 2 working days later with our names no mail due in post and cap not being informed either which is odd cos the IS said cap never put down their contact details , just ours
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DRO application approved
got the call today myself and wife via Christians against poverty are approving the dro application, next step is a 3 hour meeting with them at home where they go through the full agreement with CAP how they will work with us and I guess the legalities and the double checking of things before we sign the agreement and the…
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DRO and existing car finance
Hello I contacted PayPlan regarding my debts. A friend of mine was on a DRO, and CAB didn't see a problem with him keeping his financed car, but when I asked about this was told I couldn't have a car on finance during a DRO? All CAB did was exclude it from his debts (I think). I am confused. She said if not for the car I…
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Is it true 1 in 6 people get an IPA with bankruptcy?
I've read 1 in 6, 1 in 8 and another article that said anyone with a job will get one. I am considering bankruptcy but if I wind up with an IPA it will ruin me financially more than simply paying my debts ever could. No judgement only advice please, my MH can't take it.
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Buying flat previously sold at undervalue (?) without indemnity policy?
Hi all, I am in the process of buying a leasehold flat in London for £620,000. After conducting a RICS survey, the surveyor confirmed that the price is in line with the market value. However, I discovered that the flat was previously sold for £510,000 just four months ago, which seems significantly undervalued. My…
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How is this possible. Credit card 4 months after discharge??
Hi all Just a little background. Automatic discharge in march just gone. The company I work for was cyber attacked in June, resulting in our personal data being stolen including copies of official documents and identification. In response they have given us two free years of an equifax account so we can monitor for any…
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Means testing
HelloI applied and was granted bankruptcy in June. Buy to let went wrong and I couldn't cover the costs, or sell (because of the freeholder). I am autistic and tend to put things off and avoid dealing with things anyway. I work full time and live alone in rented accommodation. I was allowed to keep my car. I am going to be…
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3 month potential DRO delay application
I'm applying for debt solution via Christians against poverty. the DRO is the likely solution. they said they need the most accurate and stable income and benefit details before they proceed with DRO.application. they problem is my old employer is paying me out my final wage, final holiday pay and a nest auto enrollment…
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Help regarding old bankruptcy, house and ex
I need some advice please. Around 2010 I became bankrupt and at the time I had a joint mortgage. My ex then paid my share to keep the property to in theory I own 0%. I have been trying for a number of years to get my name off the mortgage and now finally it will be going to court. Also the last six months or so the…
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Paying off old mortgage after repossession..in council house
Hello My parents had a mortgage in the 80's and lost it in the recession. The house was taken back by the bank. My parents got put in a council house and that's how it's been every since and they still pay off this mortgage! My dad didn't declare himself bankrupt and has lived with bad credit ever since. Both parents still…
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Salary sacrifice while BR
Good morning. i declared BR 2 months ago, OR made a straightforward decision with no interview. I now have an assessment booked with the IPA adviser at the OR. ive been thinking of getting a bicycle through my employers Cycle to work scheme. Salary sacrifice would be around £13 per week. Would this cause issues with NT tax…
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Scottish Debt\Liability Advice
I am curious and looking for advice I have debts which may become an issue (although steps are being taken to improve this) But should the worst happen I would try to be prepared My Partner owns the property 100% but we both live there My Partner has about £20k savings We do not have a joint bank account We share household…
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Mortgage Application and DRO
I had a DRO agreed in 2018, discharged in 2019. It now doesn't show on any of my credit reports. Do I need to declare it on my mortgage application when it asks if I have ever been declared Bankrupt? I have checked the London Gazette and my name isn't there, so I don't think it's classed as proper Bankruptcy. What do you…
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Shared ownership and bankruptcy
Hi all, My husband and I own 25% of a shared ownership home. My husband may have to declare bankruptcy soon. Does anyone know if we will lose the house, considering we only own a small part of it?
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CCJ After 6 years
Hi, I have 3 CCJs on my credit file. Last one was 2021. I am aware that they will fall off my credit file in 6 years. After that can the debt still be enforced? If I say win the lottery ( can only dream!) After the 6 years, Will the creditor be able to make a claim on any money or assets i have? Thanks in advance
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Replacement car value in bankruptcy
The replacement vehicle value in bankruptcy has risen from £2,000 to £3,250. The maximum vehicle value in a DRO has risen from £2,000 to £4,000.