Myvesta UK FAQs

Bankruptcy while living abroad

Question: I was discharged from Bankruptcy this October but have been living abroad since the begining of the order. I plan to return to live back in the UK late next year. Can i re-establish my credit before I return even though I have no fixed address currently in the UK?

Answer: Re-establishing your credit in the UK if you do not reside here can be difficult as you find it difficult to obtain credit 1) so quickly after being discharged and 2) you would be asking for credit in a country where you no longer live.

This information may help:

Once your bankruptcy has been discharged you can obtain a copy of the discharge from the court where you filed for bankruptcy.  The court can charge you £60 for this discharge form.   Send copies of the discharge to the (3) three credit bureaus, Call Credit, Experian and Equifax, so they can update your credit files.   In addition, opening a savings account and showing a regular pattern of savings, then requesting a current chequing account.  In time, asking for a small overdraft, £50-£100.  These small steps will help to re-establish your credit.

 

http://myvesta.org.uk/creditreports/

 

Experian – www.experian.co.uk

 

Equifax – www.equifax.co.uk

 

Callcredit – www.callcredit.co.uk

Would you like to...

Print this page Print this page

Email this page Email this page

Post a comment Post a comment

Subscribe me

Add to favorites  Add to favorites

User Opinions

How would you rate this answer?

Helpful
Not helpful
Thank you for rating this answer.

Visitor Comments

No visitor comments posted. Post a comment

Related Questions

No related questions were found.

Attachments

No attachments were found.

Post Comment for "Bankruptcy while living abroad"

To post a comment for this question, simply complete the form below. Fields marked with an asterisk are required.
   Name:
(optional)
   Email:
(optional)
* Comment:
* Enter the code below:
 

Continue
Call Us Free!  0800 1116 885