When does BR fall off credit file

cancatsdance

hi all

I went BR in April 14 and was discharged 1 year later

im saving for a mortgage and working out when i can apply.

check my file says it falls off my credit file apr 2020 which is 6 years from BR is that right as i read some place its from discharge

TheGardener

Its six years from the date of BR I think.
But unless you actively 'clean up your file' it may stay on longer. You need to read the thread here https://forums.moneysavingexpert.com/discussion/677875/credit-reference-file-clean-up-post-bankruptcy and make sure everything is correct

Craig1981

6 years from start date
defaults will drop off after 6 years of initial default as well

maxmycardagain

"fall off" is a tentative term, its ALWAYS there for anyone looking...

sourcrates

maxmycardagain wrote: »

"fall off" is a tentative term, its ALWAYS there for anyone looking...

Can you explain how you work that out ?


Three months after discharge it comes off the insolvency register, and after 6 years it falls off your credit file, no further records are kept anywhere.

TheGardener

There have been posts on this board from people where the creditor has kept updating the credit file - so they don't fall off as such - they keep showing as 'missed payments'. Its much better to clean the file up - that's why there is a sticky post for it.

Although the BR comes off the IS register - it does of course stay on the London Gazette files forever.

maxmycardagain

sourcrates wrote: »

Can you explain how you work that out ?


Three months after discharge it comes off the insolvency register, and after 6 years it falls off your credit file, no further records are kept anywhere.

well if i can see my BR from 2008 on London Gazette im sure any lender can...

https://www.thegazette.co.uk/notice/L-58807-600501


https://www.thegazette.co.uk/notice/L-57642-269

kingstreet

cancatsdance wrote: »

hi all

I went BR in April 14 and was discharged 1 year later

im saving for a mortgage and working out when i can apply.

check my file says it falls off my credit file apr 2020 which is 6 years from BR is that right as i read some place its from discharge

You can apply whenever you want, post-discharge.

You would be advised to seek advice on lender selection from an independent broker. They may, for example, recommend a lender willing to accept applications from those discharged more than three years ago, or four years ago etc.

Later, there are lenders who say you can answer "no" to the "have you ever...?" question as long as the bankruptcy (or IVA) was registered more than six years ago. You could do this in April 2020.

The lenders who only consider six years from the date of discharge will be options in April 2021 or later.

In general if the question is "have you ever...?" and you haven't been advised to the contrary you should always answer yes, even if you don't think the lender has any way of finding out.

A decent broker will steer you away from the lenders who won't accept anyone with an insolvency on their record, so answering dishonestly should never be a temptation.