Quizzes & Puzzles22 mins ago
7 Years On After Bankruptcy
40 Answers
I’m filling an income form to take on a better and cheaper property to rent.
It asks at the end if I have ever been bankrupt? My credit score is “excellent “ now as every bad thing has now been removed.
Do I have to say yes to the bankruptcy question even though it has been wiped from my credit report? Thanks.
It asks at the end if I have ever been bankrupt? My credit score is “excellent “ now as every bad thing has now been removed.
Do I have to say yes to the bankruptcy question even though it has been wiped from my credit report? Thanks.
Answers
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For more on marking an answer as the "Best Answer", please visit our FAQ.If it says "Have you ever been declared bankrupt" then the answer has to be YES, surely. If they wanted to know if you had been bnrupt in the last X years (six?) I think they'd have aske dthat.
Some people draw comparisons with past convictions which are spent- but these still appear on DBS (CRB) checks if relevant.
I'm sure I saw a debt charity site once which said you should declare them.
I'll see if I can find it
Some people draw comparisons with past convictions which are spent- but these still appear on DBS (CRB) checks if relevant.
I'm sure I saw a debt charity site once which said you should declare them.
I'll see if I can find it
I wouldn't recommend lying- it's a risk that could come back and bite you.
I found this advice from someone who claimed to be from a debt agency
"Hi sab
In our experience, prospective mortgage lenders will invariably ask "have you ever been the subject of insolvency proceedings i.e. bankruptcy?"
It seems jumperjohn was not asked but I would say that was the exception not the rule. Lenders can, after all, search back through old Insolvency Register records if they really want to know. If you are asked the question, you should answer it honestly, but as we are seeing from some of the posts here and on other similar threads it often doesn't bother the lender if you were bankrupt once upon a time.
Dennis @NDL
"
I found this advice from someone who claimed to be from a debt agency
"Hi sab
In our experience, prospective mortgage lenders will invariably ask "have you ever been the subject of insolvency proceedings i.e. bankruptcy?"
It seems jumperjohn was not asked but I would say that was the exception not the rule. Lenders can, after all, search back through old Insolvency Register records if they really want to know. If you are asked the question, you should answer it honestly, but as we are seeing from some of the posts here and on other similar threads it often doesn't bother the lender if you were bankrupt once upon a time.
Dennis @NDL
"
I know some will argue a mortgage is not the same as a rental company but where does one draw the line.
If in doubt you could get someone to ring anonymously and ask them why they are asking it when it's not going to be on the credit file.
Or just take the risk of lying.
Anyway, doesn't matter to me. I'm just trying to make you aware that records stil exist and rental companies might be prepared to accept discharged bankrupts but may mistrust someone who says NO when the answer isn't no.
If in doubt you could get someone to ring anonymously and ask them why they are asking it when it's not going to be on the credit file.
Or just take the risk of lying.
Anyway, doesn't matter to me. I'm just trying to make you aware that records stil exist and rental companies might be prepared to accept discharged bankrupts but may mistrust someone who says NO when the answer isn't no.