Credit 6 years after bankruptcy

rob3034

I was basically made bankrupt in may 2004, now 6 years have passed all the defaulted accounts and loans are dropping from my credit file, effectively erasing the fact that I was ever made bankrupt.
Does anyone know what my chances are of obtaining credit once they have all been removed from my credit file?

For example will the lenders refuse me credit because they "remember" I was not a good client to them in the past, even thought my credit file is clean?? Or will I have to go with creditors I didnt use previously in order to get credit?

wanna-win-a-car

i went bankrupt 4yrs ago and have just managed to get a vanquis credit card and a next directory with credit account though the latter was due to me moving house and them not checking my credit history at previous address!

Bosie

Some creditor's I think may check the last 3 years, because I was able to get catalogues,credit card about 4-5 years after bankruptcy. Some may just do a bankruptcy check, I know NatWest/RBS do ask you on their application for a bank account, have you been bankrupt?

I tried for a new bank account with the Halifax and got declined, in their letter, they said it was info they had obtained from Experian.

My bankruptcy is now off my files, but I'm annoyed that 3 defaults incorrectly dated are still on:mad:

rob3034

Bosie wrote: »

Some creditor's I think may check the last 3 years, because I was able to get catalogues,credit card about 4-5 years after bankruptcy. Some may just do a bankruptcy check, I know NatWest/RBS do ask you on their application for a bank account, have you been bankrupt?

I tried for a new bank account with the Halifax and got declined, in their letter, they said it was info they had obtained from Experian.

My bankruptcy is now off my files, but I'm annoyed that 3 defaults incorrectly dated are still on:mad:

sorry about the late reply, I had the same problem, santander registered my default date a WHOLE YEAR after my actually default date, others 6 months after.
But I wrote to the respective companies and they updated my credit files. But it depends how far out they incorrectly dated your defaults, if its only a few months its not worth writing to them as it takes this time for the updates to go through.

ian_h

rob3034 wrote: »

For example will the lenders refuse me credit because they "remember" I was not a good client to them in the past, even thought my credit file is clean?? Or will I have to go with creditors I didnt use previously in order to get credit?

Hi Rob

I have been wondering the same thing - I had a variety of credit cards and there are few institutions I hadnt used, I would imagine they would keeo their internal records longer than the 6 uears the CRF agencies use but no-one seems to know.

Any bank workers lurking out there who can enlighten me n rob please;) ?

Rafter

I have a feeling that banks you have a relationship with in the past might be allowed to decline you credit - even though there is no record on your credit file anymore.

If I'd lend someone £10,000 and they never paid me back - I wouldn't give them another loan 10 years later.

So you are probably best off trying other organisations.

It is probably best starting slowly - bank computers will look at your file and see you have no credit now and therefore mark you down as not having experience managing credit or much of a history on which to base their decision.

So get yourself a 'credit builder' credit card from Barclaycard, Capital One or Vanquis. After 3 months, if you need it, maybe get a contract mobile phone or perhaps a store card and apply for an overdraft at your current bank. That will hopefully then build up a record for you in case you want to borrow a larger amount in the future to buy a car/ house etc.

Good luck

R.

Rafter

PS. Oh and make you you pay everything off in full by standing order - particularly store cards and those credit builder cards, all of which have nasty interest rates.

Good luck.

xocbc

I got a Vanquis card 6 months after discharge with a £250 limit, a year later, I've had the limit upgraded several times, and have now been upgraded to a "Gold" one, still at the exhorbitant interest rate but that doesn't bother me, I pay it off in full every month.

My Experian file is cleaned and all entries show what they should