How does our bankruptcy affect my son? We declared bankrupt last week and now my son aged 21 wants to get a place of his own and take out loan for car etc as well as rent. He commented that if our BR affects him he'll be really angry. He has a very responsible well paid job so I would hate to have jeopordised his chance of obtaining credit of any kind. What is the position re: members of our household? katie
If you have no joint accounts with your son, then their will be no association of credit files at the likes of Experian etc.
quote:Originally posted by madwithworry
How does our bankruptcy affect my son? We declared bankrupt last week and now my son aged 21 wants to get a place of his own and take out loan for car etc as well as rent. He commented that if our BR affects him he'll be really angry. He has a very responsible well paid job so I would hate to have jeopordised his chance of obtaining credit of any kind. What is the position re: members of our household? katie