Credit Repair

Credit repair after bankruptcy may help to limit the challenges a discharged bankrupt will face when trying to raise credit in the future. There are ways that may help credit repair following bankruptcy but there is no quick fix.

After discharge from bankruptcy your credit report will not be wiped clean as it shows the bankruptcy for at least six years. After this time you will be able to remove the bankuptcy from your credit report. This time may be prolonged if the individual concerned is subject to a bankruptcy restrictions order or a bankruptcy restrictions undertaking. Further to this most mortgage lenders will ask if you have ever been bankrupt, hence bankruptcy could affect your creditworthiness forever.

Many people consider a mortgage after bankruptcy impossible. Whilst it is certainly more difficult and will cost more there are lenders who will service a discharged bankrupt.

The following points may help with credit repair after bankruptcy:

The following links will be of further interest if you are looking to rebuild your credit:

Just ask Piggy
If you cannot find what you are looking for then try asking Piggy Bankrupt - Ask Piggy
Bankruptcy Advice
Seeking advice is the most important step in dealing with debt. For a list of places offering free debt help visit the Advice section.
Avoid Bankruptcy

Through an IVA you may be able to avoid bankruptcy. Visit the IVA Centre

Piggy's Bankruptcy Journey
Visit Piggy's Bankruptcy Blog to read what bankruptcy was like for Piggy Bankrupt.

As featured in the Guardian newspaper this very honest account describes his experience.
Bankruptcy Links