19 Jun 2015

A question about : Loans for those previously bankrupt

I'm in need of some help and advice. I was made bankrupt in June 2009 and discharged by the December of the same year. In June 2015 the bankruptcy is due to be removed from my credit file yet still I am unable to get a reasonable loan for my new motorbike needed for the daily commute. My bank is Lloyds and they want me to apply for a brand new account and then wait another 6mths minimum. A few companies have said we NEVER loan to those with a past bankruptcy even after it's been lifted. Any ideas how I can get around this please? And also without paying a ludicrous charge for the privilege? I have a good credit score I dont want to wreck now!

Best answers:

  • Are you still on the insolvency register ?
    If the Bankrupcy is still registered on your credit file, you will have to wait until it's removed, very few if any lenders will lend to anyone who is still showing as been bankrupt.
  • You might get further ideas on the bankruptcy board.
    df
  • Yes it is still on my credit file but come off in June and I am not applying until then buy have asked a few companies what there policy is and this is what I found out and asking what other people did or have done
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