6 years...

Potbellypig

I went bankrupt on 19th May 2011 and I thought that it would go off my record on the 19th May 2017. I've just signed up to this MSE Credit Club thing and I've got a score of 999 and there is no sign of bankruptcy.

I assume from this that things go off your file 6 years after but in that month, and not the exact date as I thought it would be? Also, I'd rather not pay for the other reports (I've used the free trial before) but is it worth it to check that it's completely clear?

The reason I ask is that I'm looking to apply for a mortgage soon.

[Deleted User]

It tend to be 6 years to the day.

Given you can get the other reports for free, it's probably worth the outlay to check your other files.

Arleen

Wait till next month and then spend the 6 quid to get a copy of your report from all the providers, it's well worth doing when you want to be 100% sure that you have the most up to date version.

But keep in mind of two facts:
1. You will be asked if you ever had a bankruptcy during your mortgage application, even though it doesn't show on your file anymore, you will have to admit to it.
2. Your score doesn't matter, your credit history does. 999 is what I had when my file was empty after moving to the UK, and a thin credit file is not going to be a great way to go for a mortgage. So make sure that whatever accounts you have have now are reported corretly.

Sparx

You can get 100% free copies of your report (forever) using the 3 below sites.

They all provide monthly updates.

https://www.clearscore.com (Equifax)
https://www.moneysavingexpert.com/creditclub (Experian)
https://www.noddle.co.uk (Callcredit)

Potbellypig

Arleen wrote: »

Wait till next month and then spend the 6 quid to get a copy of your report from all the providers, it's well worth doing when you want to be 100% sure that you have the most up to date version.

But keep in mind of two facts:
1. You will be asked if you ever had a bankruptcy during your mortgage application, even though it doesn't show on your file anymore, you will have to admit to it.
2. Your score doesn't matter, your credit history does. 999 is what I had when my file was empty after moving to the UK, and a thin credit file is not going to be a great way to go for a mortgage. So make sure that whatever accounts you have have now are reported corretly.

What's the repercussions for not admitting it? Are there any horror stories on here from people who didn't admit it and it bit them on the backside?

DCFC79

Credit scores are only seen by you and no 1 else.

Potbellypig

Sparx wrote: »

You can get 100% free copies of your report (forever) using the 3 below sites.

They all provide monthly updates.

https://www.clearscore.com (Equifax)
https://www.moneysavingexpert.com/creditclub (Experian)
https://www.noddle.co.uk (Callcredit)

Thanks, I'm signed up with Clearscore too but I haven't checked that as I thought it was a bit wishy washy.

When I apply for a mortgage, which report will the bank use? Or is it just a mixture depending on who it's with?

Potbellypig

DCFC79 wrote: »

Credit scores are only seen by you and no 1 else.

Yes, it's more what's in the file that I'm more concerned about.

Arleen

Potbellypig wrote: »

What's the repercussions for not admitting it? Are there any horror stories on here from people who didn't admit it and it bit them on the backside?

Lying on a credit application is more commonly referred to as a fraud. When caught doing that
the consequences will be quite severe; starting with a CIFAS marker and potentially leading to criminal charges, not to mention that your mortgage agreement will be invalid (if you will manage to get it).

And this can and will be, easily found out, as mortgage providers can query the Insolvency Service who hold a permament record of your bankruptcy.

DCFC79

Potbellypig wrote: »

Thanks, I'm signed up with Clearscore too but I haven't checked that as I thought it was a bit wishy washy.

When I apply for a mortgage, which report will the bank use? Or is it just a mixture depending on who it's with?

They will check a choice out of 3, some will just use 1, 2 or all 3.
There is a list on here which agencies are used by which lenders, banks etc but im not sure if its totally accurate.

[Deleted User]

Potbellypig wrote: »

What's the repercussions for not admitting it?

It may mean you don't need to worry about paying the mortgage anymore, as alternative accommodation will be provided, free of charge.