We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
How exactly does Bankruptcy affect your credit rating?
Comments
-
Bravehearted wrote: »Erm, not really.
A simple credit check can show how much debt you currently have - and unless you lie on your loan application you most likely need to be earning over £50000 + amount of all debt to be given a 25k loan.
I know that, I was making a point.
0 -
Wrong point maybe 0
-
maybe now but in the past i have seen a person with 16 credit cards, whoever have then the 16th one was probably thinking they have a nice credit rating rather than how much do they owe on the other 15Hi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards