One more payment...light at end of tunnel

stevie1978

After declaration of bankruptcy in April 2012 following the breakdown of my marriage and then discharge 12 months later, I now, finally, have only one more payment to make to the Accountant in Bankruptcy (Scotland) :j

I've cleaned up my CRFs to make sure they're all accurate (they were completely incorrect this time last year).

So, with only one more payment to make next week, whats the next step? How do I go about raising my credit score? I fully appreciate that I'm doomed for another 3 years until everything clears from my Credit File however feel it is important to have an increased score to demonstrate how hard I've worked to get back on my feet.

I don't particularly need credit for anything as I'm lucky to be in a very well paid career but any advice from those who have been in my shoes would be much appreciated.

Thanks for reading my thread

Stevie

fermi

Congratulations.

Basics regular credit when and if you can get it is the start. e.g. a mobile contract, sub pribe card with low limit you use for some spending and pay off in full each month, etc.

Essentially so that when all the adverse history does clear off in x years time, you are left with some positives on there over a reasonable time backwards, rather than a blank file.

stevie1978

fermi wrote: »

Congratulations.

Basics regular credit when and if you can get it is the start. e.g. a mobile contract, sub pribe card with low limit you use for some spending and pay off in full each month, etc.

Essentially so that when all the adverse history does clear off in x years time, you are left with some positives on there over a reasonable time backwards, rather than a blank file.

Thats ace, thanks for your help.

Do I need to wait until I am officially informed that the Accountant in Bankruptcy has discharged themselves and then a period of time after this for that to register on my Credit File or is it possible to start looking straight after my final payment has been made?

Also, I know nothing about sub prime cards so do I just Google search for them or are there any specifics that help out with ex-bankruptcy credit building?

Cheers :T

tigerfeet2006

You can apply when ever you are ready for a phone, catalogue account (Very etc. Pay off in full each month.)

Sub prime cards are Vanquis and Capital One. As suggested pay off in full each month as you don't want to be hit with that interest. Most people use it for something they would buy anyway ie: petrol or groceries.