When Will Bankruptcy Be Off My Credit Report?

credit report

Question Jon, I went bankrupt almost 10 years ago. It was due to just being young and silly and using credit cards. When will this bankruptcy be removed from my credit history? Answer Hi, Everything, including bankruptcy stays on your credit file for a period of six (6) years. So if you went bankrupt 10 […]

I Cannot Get Credit After Going Bankrupt

loan application

Question I went bankrupt 10 years ago and still cannot get credit. I applied for a credit card and was rejected. I just want to move on. Ky Answer Ky, Have you reviewed your credit report recently? Applying for too much credit can also lower your credit score. The bankruptcy should have dropped off your […]

Can I Include Fines In Bankruptcy?

fly tipping

Question Jon, I was fined by the courts for fly tipping and cannot afford to pay the fine. I want to go bankrupt and can I include these fines in my bankruptcy? Martin Answer Martin, A couple of questions, such as how much are the fines in total? How much other debt do you have? […]

Today in UK Debt: 02/05/2022

may calander

Now that the Bank Holiday weekend is almost behind us, it is time to get back to things. Passport Warnings The skies, and planes are opening up again, and holidays are being booked. But we are being warned about our passports, and what to check for before we set off to the skies. Most people […]

Today In UK Debt: 22/04/2022

2022 calendar

It’s Not a Lie….If You Believe It! The government is trying to sweep this “partygate” under the rug, or carpet. And who knows, they may very well do it. But please….do not insult our intelligence any further! Resignations are in order, and a New Order is in order. But will it happen??? Who knows. I […]

I Am Thinking Of Going Bankrupt

abandoned block of flats

Question I am unsure if you can advise me as I think I know what my only option is. I am or was a property developer, and bought a piece of land about 4 years ago, and had the existing houses demolished. They were just shells at that point. I had the land cleared and […]

What Happens If I Fail My IVA?

fail stamp

For many people who are in debt and are struggling and want to avoid bankruptcy, an IVA/Individual Voluntary Arrangement is a good option. In an IVA you are still insolvent, and on the Insolvency Register, but you avoid bankruptcy, which for many who have property, could lose that property if they were to go bankrupt. […]

Today in UK Debt: 06/04/2022

2022 calendar

Fuel Prices High But Stable….For Now Petrol and diesel prices are at the highest I have ever see, so trying to save money on fuel seems a no-brainer. And there are many ways to do this, some of them common sense, one being walking more or car pooling, or using public transport. However not all […]

Will Going Bankrupt 5 Years Ago Stop Me From Buying a House?

key opening a house

Question Jon, years ago I went bankrupt, and it was a good thing. I was so far in debt and there was no way out. Now after about 5 years I am looking to buy my first property, but am concerned that the bankruptcy will stop me from getting a mortgage. I have a good […]

Today in UK Debt: 30/03/2022

2022 calendar

Victims of Buy Now Pay Later BNPL is not a new thing, you can read more about it here. However, according to Experian, one of the UK’s credit bureaus, it can be a problem for some, in how it affects their credit score. Experian explains it all here. More Debt News and Advice Rightsnet has […]