Sequestration recalled - what now?

Hi,

I was sequestered because of one debt. I paid this debt and it’s been confirmed it’s ‘recalled’.

when I have Googled how long after sequestration can I open bank account, apply for credit etc. but is the situation any different for me because my debts were paid off, nothing was written because of the sequestration.

I would like to apply for current account soon will I have to wait a year?

thanks

Comments

  • RAS
    RAS Posts: 35,038 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 27 October 2023 at 5:37PM
    Are you asking if you are permitted to apply for a bank account? Of if it is banks will accept your application? 

    Try the Co-op for a basic bank accont, BR friendly. Or on-line banks like Monzo.
    If you've have not made a mistake, you've made nothing
  • If banks will accept my application, they will do a credit check won’t they? Already have basic one thanks looking for a standard one
  • RAS
    RAS Posts: 35,038 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    OK. I assume you are in Scotland?
    If you've have not made a mistake, you've made nothing
  • sourcrates
    sourcrates Posts: 31,170 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    Scottish law differs to the rest of the UK, and I`m sad to say our knowledge base on it is not what it could be.

    If nothing appears on your credit file or the insolvency register, then you should be good to go, if on the other hand it stays for 6 years like the rest of the UK, you will have problems, I don`t know for how long, or even if, this will be recorded officially.

    Is it on your credit report?
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • Ah, maybe I should request my credit report, I expect it will be. 
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