Piggybankrupt

kookywooky

I just came across this site, its a guy that was made bankrupt several years ago and set up the site to help others with the same diffficulties that he faced. There's information about a credit card that bankrupts can apply for called ASP.

I was wondering if any of you have came across this site, if you think it's safe or know anything about the ASP.

Thanks in advance.

JCS1

They're selling help with filling in forms & advice, and also have a consumer credit licence. Looks like they are making money out of it all.

debtinfo

And lots of the info is just lifted from the Insolvency Service website. For instance they still say that an Afidavit is signed when that changed to a statement of truth earlier this year. They dont seem to keep up with the changing legislation

JCS1

And the ASP card is a pre-paid credit card. It only improves your credit as there is a set up fee of £9-95 and then a monthly charge of £4-95 and it's these charges that get reported to the credit reference agencies.

I think there are other pre-paid credit cards around with lower charges, will see if I can find the link. http://www.moneysavingexpert.com/cards/prepaid-cards

JCS1

debtinfo wrote: »

And lots of the info is just lifted from the Insolvency Service website. For instance they still say that an Afidavit is signed when that changed to a statement of truth earlier this year. They dont seem to keep up with the changing legislation

Nothing on Debt Relief Orders either.

kookywooky

Thanks for the info.

Much appreciated.

debtinfo

The best place i can point anyone for information is the Insolvency Service Publication page which offers guides on lots of things have a look here, these are the Official Words

http://www.insolvency.gov.uk/guidanceleaflets/guides.htm

magicgirl

i had a prepaid card while br for online shopping and teh like. it proved to be very helpful..

I used their credit rebuilder and it was a good system. almost a year after discharge, i got myself a mobile phone contract (with a heavy deposit) and a small limit credit card. there is life after bankruptcy and i felt that i needed to start rebuilding my credit asap but teh reality is that keeping on top of your finainces in itelf helps build up your score much more than gaining credit. in three years, i have only twice been late paying bills and that was down to csashflow both times at teh same time of year so i am prepared for this and will make provisions to ensure it doesn't happen again. its that behabiour that will affect my credit rating more.

Doucam

I have the cashplus card with credit builder on it, costs £4.95 a month but it is getting me green ticks, along with my mobile phone account.

Not that I am planning on getting credit again, no way sirreee!! but I used to like having a really good credit rating and would like to get it again for some odd reason

Inverita

I find it very sad that so many of us are trying really hard to rebuild our credit score and as far as i can tell there is no fast track route from the credit industry to create any incentive. We all get tarred with the same brush as it were. As Martin himself has said before there are many many reasons for people becoming BR. Many like me are trying really hard to repay our creditors, learn from the experience and in all probability behave more responsible now than many who are not declared BR. There are also many companys out there trying to make a fast buck out of us with out of date advice etc which is of course where this original subject started.