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Bankruptcy Coming to an End - Credit Report Question
BTCC2000
Posts: 17 Forumite
My BR is due to end in the coming months but I have a question regarding my credit report.
Say its been 6 years on 30th April 2013. Does that mean 1st May 2013 my report will be a lot better instantly?
Say its been 6 years on 30th April 2013. Does that mean 1st May 2013 my report will be a lot better instantly?
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In theory the bankruptcy order and any defaulted debts covered by the BR should fall off your report by that date. If the reorded dates are correct, that is.
Those not being on your report will remove those HUGE negative factors.
How much it improves how potential creditors then see you will depend entirely on the info that is left. If completely blank (thin file) you may still struggle for any credit. If you have spome postive things like modest credit repaid on time in the last few years, then it may be heading on the way to half reasonable.
Really hard to say more than that in general terms.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0
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