Debt
Bankruptcy
Bankruptcy is a serious step and you should seek advice before taking this action.
Will I be able to get credit again?
When you apply for a loan or to buy goods on credit, most companies will consult their records. These contain Bankruptcy Orders, County Court Judgements and details about the way you have handled your account. They will also contact a credit reference agency for information. Details are held for 6 years.
You can ask for the information held from the credit reference agency, there is a small fee for this. If you feel the information is wrong, you can ask for the details to be corrected.
Obtain the name of the agency from the creditor that has refused you a loan. You have the right to be given the name and address of the agency that has been consulted.