Post Bankruptcy Questions

Fantomas01

Hi Everyone

I declared myself bankrupt in June 2016 and was discharged 12 months later. I included my mortage and an overdraft on a Natwest current account in my order. I have recently been taking a look at my credit reports and I just have a couple of questions.

1. On one report, Noddle/Call Credit it shows the mortgage and current account as being defaulted, where the other items on the original order are now showing as Satisfied. When I checked another report, ClearScore/Equifax these accounts display a current balance but show as closed. Should I be sending the clean up letters to these accounts ? I did do it on a couple of other accounts shortly after discharge. And will it have any increase on my credit score ?

2. This is more a general question, assuming things are more settled following the discharge Eg. no defaults, missed payments etc does a credit score slowly improve or will it remain at the current 1/5 Very poor rating until the bankruptcy drops off my report. In oher words can I go from say Very Poor to Poor ? I am not interested in obtaining credit as such, but we may be moving from our rented accomodation in 12 months, and I am concerned about the references out letting agent will carry out. Just want to be in the best place possible should the need to move arise.

3. Would the new Credit Ladder style rent payment reporting make any difference to me ?

Hopefully someone can help answer some of my questions, I am finally taking responsibility and having a forum like this is a great help and source of inspiration

Thanks
Matthew

sourcrates

Hi,


Yes send the clean up letters, some times creditors need a push to mark your file correctly.


Credit score is a made up number, its credit history that counts, don`t expect any improvement until the bankruptcy drops off your file.


Can`t help with the renting issue sorry.

Fantomas01

Thanks for that

Potbellypig

You can send as many clean up letters as you like, but your bankruptcy will be on there for the 6 year period.