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Light at the end of the tunnel
JACKSONCAZ
Posts: 5 Forumite
I just wanted to post on here to say there is light at the end of this bankruptcy tunnel
6 years ago we went through this process due to negative equity and other debts
We done it 10th April 2013
Discharged April 2014
We had our IPO for 12 months
After this we were able to get some credit or mobile phone , credit card then loan all small and high interest but we used it paid it and even still have a bit of normal debt
But the reports alwaay shows poor and our lending power was poor even after 5 years
Unable to get a mortgage as too high risk
Fast forward to 10th April 2019 and our credit file is clean ;-) we did the clear up over the last year or so and now it’s like it never happened
We’ve been able to get a decision in principle for a mortgage again and a £15k loan for home improvements
It’s been hard and we’ve paid over the odds but it all works out in the end :-) :j
6 years ago we went through this process due to negative equity and other debts
We done it 10th April 2013
Discharged April 2014
We had our IPO for 12 months
After this we were able to get some credit or mobile phone , credit card then loan all small and high interest but we used it paid it and even still have a bit of normal debt
But the reports alwaay shows poor and our lending power was poor even after 5 years
Unable to get a mortgage as too high risk
Fast forward to 10th April 2019 and our credit file is clean ;-) we did the clear up over the last year or so and now it’s like it never happened
We’ve been able to get a decision in principle for a mortgage again and a £15k loan for home improvements
It’s been hard and we’ve paid over the odds but it all works out in the end :-) :j
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Congrats! Inspiration to us all0
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