Significantly, not, this does not mean that you could apply for another financial having any lender. You might violation first borrowing assessment without difficulty however you you may still be refuted following entry away from a complete application because regarding things called the Hunters Statement.
New Hunters Declaration try a database who has the main points of everybody that knowledgeable bankruptcy in the uk. This checklist boasts all those who have been discharged for over 6 age. That it declaration is actually seemed from the loan providers nevertheless essentially is not drawn into consideration in the initial credit reporting procedure. Consequently blog post-personal bankruptcy candidates can be initially accepted having a new mortgage just before getting rejected just like the extra credit checks emphasize its past bankruptcy proceeding points.
This really is extremely hard, that’s the reason it is vital that all-potential consumers just who provides a history of case of bankruptcy understand that it database in advance of they submit a full financial software. Think about, there are still lenders who’ll consider your software even with your prior problems with bankruptcy proceeding therefore it is not necessarily something to love.
People borrowing from the bank problems that taken place ahead of your case of bankruptcy, also financial arrears, CCJs, non-payments, skipped costs and you can loans management arrangements will be regarded as paid. Your credit reports have a tendency to fundamentally feel reset on the day’s the bankruptcy and you can shortly after being discharged you’ll be able to so you’re able to start to reconstruct your own credit reports from the surface upwards.