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T O P I C R E V I E W
spices100
Posted - 01 May 2011 : 19:10:17 I was made bankrupt Sept 09 with no IPA.
I am discharged and have had my credit files clean to state 'Satisfied'
Just wanted to know, after the word 'BANKRUPT' has been erased in Sept 2015 from my file, what will be credit rating be like ? (currently its 350 points)
Hopefully I will have a deposit to purchase a house then and not be hit with a high APR.
3 L A T E S T R E P L I E S (Newest First)
spices100
Posted - 02 May 2011 : 13:16:46 I already have a mobile phone contract and a Vanquis Credit card which i use for small things each month to build up credit.
Ideally would like 600 points by the time the bankruptcy drops off.
RHB
Posted - 02 May 2011 : 11:31:36 A healthy deposit will be the best thing you can do in order to get a mortgage.
debtinfo
Posted - 02 May 2011 : 10:26:35 if you do nothing else in the meantime, then in 6 years you will have no credit history rather than bad credit history, this is almost as bad as they have nothing to judge you by and so you will get a fairly low score. What some people do in the meantime is get a low value high interest credit card and then use it a little but pay it off every month (ie you dont want to get any interest payments)this means when the bad stuff drops off you will have good marks to replace them. The word of warning with this obviously id that you dont want to get in the credit trap again
