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How exactly does Bankruptcy affect your credit rating?
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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.
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Wrong point maybe 0
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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
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