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T O P I C R E V I E W
Kurt.tm
Posted - 09 August 2011 : 00:17:21 i have roughly about 5 debts ranging between 1 to 7.5 thousand pounds. i have not paid since 2001. They havent contacted me for the last couple of years, but I recently tried to open a bank account and got rejected due to bad credit. I want to move myself forward finacally so i can at least consider applying for a mortgage in the next few years.What is my best option?
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Melanie.n
Posted - 09 August 2011 : 10:27:28 Hi there
Further to your post - are you in a position to recommence payments to your creditors? What is your total debt level?
If your long term goal is to apply for a mortgage you will need to have a clean credit file, if you opt for bankruptcy as your preferred solution , this may cause you difficulties in the future if applying for a mortgage. Have you considered all the options available to you?
May i suggest you have a chat with one of the experts on here (we can be contacted direct by clicking on the 'experts' button on the left hand side) or indeed provide a little moreinformation onto the forum
Look forward to hearing from you soon Melanie
Melanie Nicholas CertDR 30 years insolvency experience - 23 of which in the Insolvency Service - Insolvency Manager Jones Giles
