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Do I declare old debts?
BlackMystra
Posts: 2 Newbie
Sorry, this is a bit long winded but I was hoping someone may be kind enough to offer some advice...I'm really stuck!
I separated from my husband and am looking for mortgage advice. My credit report is clear and I have a high credit score. There are no defaults showing on my report. I was bankrupt back in about 2002 and had a joint IVA (with my ex husband) in 2010. 6 years elapsed and my ex told me that the IVA was complete but he could not get a Certificate of Completion (I should say at this point I was the sole earner for the marriage but he had total control of the finances and bank account......). After we separate I investigated this only to discover that he failed the IVA back in 2012 by not keeping up payments or producing documents requested. I spoke to the mortgage advice line and they said that it was very unlikely that I would get a mortgage with the debt still outstanding. When I told my ex he said that I was stupid to declare the IVA and bankruptsy as they were over 6 years old and lenders would have no way to check.
Is what he says correct as I don't want to do anything fraudulent? The advice line says lenders would look at credit score (which is good) and also credit history (which would show the debt). Does anyone know anything about this?
I separated from my husband and am looking for mortgage advice. My credit report is clear and I have a high credit score. There are no defaults showing on my report. I was bankrupt back in about 2002 and had a joint IVA (with my ex husband) in 2010. 6 years elapsed and my ex told me that the IVA was complete but he could not get a Certificate of Completion (I should say at this point I was the sole earner for the marriage but he had total control of the finances and bank account......). After we separate I investigated this only to discover that he failed the IVA back in 2012 by not keeping up payments or producing documents requested. I spoke to the mortgage advice line and they said that it was very unlikely that I would get a mortgage with the debt still outstanding. When I told my ex he said that I was stupid to declare the IVA and bankruptsy as they were over 6 years old and lenders would have no way to check.
Is what he says correct as I don't want to do anything fraudulent? The advice line says lenders would look at credit score (which is good) and also credit history (which would show the debt). Does anyone know anything about this?
0
Comments
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Lenders won't look at your credit score, as it's fictional and only seen by you. They may create a score themselves, which you won't see, based on the data in your file.
They will look at all your available history.as you see it on the CRAs.0 -
You must answer all questions honestly and accurately. To knowingly not do so is mortgage fraud and can carry severe penalties if a prosecution is brought, including jail time.0
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BlackMystra wrote: »When I told my ex he said that I was stupid to declare the IVA and bankruptsy as they were over 6 years old and lenders would have no way to check.
Bankruptcy never leaves you. The Gazette maintains a permanent record. If asked, answer truthfully. As time does heal. You do get a second chance.0
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