I filed for bankruptcy back in 2001, July 2005 it said that my time was spent. Back then i was bad with money. Now i find it hard ot fix my cridet and I am know making £40,000+ not counting my wifes income.
How do I fix my cridet, I can't even get a mobile phone or open a new bank account.
The bankruptcy was only for the sum of £12,000
So how do you fix your cridet scoring in the UK
2006-10-23 10:25:49 · 9 answers · asked by tmcshane241 1 in Business & Finance ➔ Personal Finance
Forget the abuse, sympathise with you, those that have never tried, never failed.
Re: your credit, get hold of a copy of all your files: Experian, Equifax and another I can't remember the name of, make sure it is correct, check ALL entries on all reports, repay any outstanding amounts and go from there.
Mail order catalogues are also quite good at helping you rebuild a credit history, one of the major credit reference agencies was started by Great Universal Stores (GUS), open an account, buy a few goods and repay well to build a good record.
Bankruptcy is not the easy option it is portrayed as, is it.
2006-10-23 10:42:25 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Get a capital one card, you have to pay a deposit of up to £200 for a £200 credit limit but it's a start. Spend the limit within 2 months and then repay only the minimum payment for 6 months.
Next join a bookclub - you know buy 5 books for £5 and subscribe for a year. Pay on time every time.
Do you need a new car? Go to Accept Car Credit (online) and get a car, put a bit of a deposit down and get a car. The payments are extortionate but it's only for 42 months and it helps to make you look like you are being responsible.
At the same time as you do this apply for a basic bank account with Royal Bank of Scotland.Wait 7 months and then apply for a Switch card and transfer to a current account.
When you have your current account apply for a catalogue at LX Direct. Pay only the minimum payment and shop regulalry (don;t be tempted to pay the no interest option)
For the next 12 months apply for different catalogues and shop on them, paying the minumum monthly amount.
It takes 2 years start to finish but your credit file looks better after this time and you are on the way. Ours was for £28000 by the way and was 3 years ago we cleared it. We're not able to get a mortgage yet but we can comfortably get credit, mobile phones and we have a current account. Good luck
2006-10-23 17:37:43 · answer #2 · answered by Oldgirl 3 · 0⤊ 0⤋
You should have been discharged from the bankruptcy by now. It usually takes 3 years after discharge that your credit becomes clear. There may be certain debts on your credit history that do not show as cleared. You should contact the attorney that you used for the bankruptcy to see what debts still appear on your credit rating. Your attorney can send the appropriate documents to prove you are discharged and clear from debt. Is it possible that you have acquired debts after you filed bankruptcy? That could be a big problem. Good Luck!!
2006-10-23 18:17:52 · answer #3 · answered by Maggie 5 · 0⤊ 0⤋
You need to check out this video on how to increase your credit score by using a 100% legal loophole. Here is the video URL: http://www.creditscoresecret.org
I was able to get to 595 from 489 in just one day and from 489 to 748 in just a few week; that's pretty fast in my book. Good luck!
2014-09-12 07:42:48 · answer #4 · answered by Anonymous · 0⤊ 0⤋
apply for a credit card for people with a bad credit history usually with a very high rate of interest. spend approx £50 on it every month and then pay off in full when you get your bill. after about six months you will have a good credit rating. good luck
2006-10-23 17:36:27 · answer #5 · answered by clarelouiseprince 2 · 0⤊ 0⤋
www.surefirefinance.co.uk can help you, they can help you get a loan/mortgage, bank account, credit card with a very bad credit history. They also offer a credit repair service but I dont know the details as I only use them for loans as their service is excellent.
2006-10-24 10:27:01 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I can't help you too much but my boyfriend recently went bankrupt and 6 months later managed to open a new account with Barclays and he doesn't earn as much as you so you should be able to get a bank account with them.
2006-10-23 17:41:26 · answer #7 · answered by Jenny 3 · 0⤊ 0⤋
You need to fix your spelling first
2006-10-23 17:27:37 · answer #8 · answered by Elle J Morgan 6 · 0⤊ 0⤋
FIRST LEARN HOW TO SPELL "CREDIT"
2006-10-23 17:29:59 · answer #9 · answered by sneakysteph22 2 · 0⤊ 1⤋