If you have a bankruptcy question you'd like to ask, just ask using this online form. All help is free.

Julian Knight: Penalised for checking your credit? That’s not fair

I have always found it an injustice that those who look to shop around for a loan, credit card or mortgage actually risk damaging their credit rating in the process. It goes like this – each time a potential lender checks out your credit file it leaves a trace. If the consumer is turned down – for whatever reason – the trace turns into a great big muddy mark and, in these straitened lending times, this can be enough to bar the individual from accessing credit elsewhere.

Source: Julian Knight: Penalised for checking your credit? That’s not fair

Other Related Items

Bankruptcy Assistance Programme

The process of going bankrupt can be scary, frightening, intimidating and a bit more than many people feel comfortable dealing with at a time of great stress in their life. And we can’t lose sight of the fact that going bankrupt is a legal process carried out in court.

Even if you have UK debts and have been living outside the UK for less than three years you can still go bankrupt in the UK and we can do that for you. Visit our Foreign Bankruptcy Service for more details.

If you have decided that petitioning for bankruptcy is the right path for you to follow, our Bankruptcy Assistance Programme will assist you to go bankrupt.

We offer a Bankruptcy Assistance Programme with two different levels – Standard, and Gold. The level you choose depends on the services you desire.

More Information

Speak To An Expert By Telephone

Are you considering bankruptcy, have a pressing debt or credit issue, are bailiffs threatening, are you being chased for payment, is your spouse or partner considering bankruptcy and you are worried about how this will affect you, do you own property and are in debt?

Are you already bankrupt and wondering what will happen next, or is your bankruptcy over and you want to re-build your credit standing?

If you answered yes to any of these questions why not speak to a Debt Expert, someone who is experienced in insolvency, bankruptcy, and matters related to personal finance. Many people either make the decision to go bankrupt, or are made bankrupt, without knowing their options or what will occur.

My name is Jon and as a Debt, Bankruptcy, and Personal Finance Expert, I am not here to try and 'sell' you something; I am hear to listen to your question and give you impartial, expert advice and a solution.

Many times I have heard from people who made the decision to go bankrupt or enter into an IVA, only to find what they had chosen was wrong for them.

If only I had known…had this been explained to me…no one told me that…it wasn't my debt how can I lose my house…they had the debt before we met…I never knew I could do that.

Get professional, expert advice before making a decision that can stay with you a lifetime! Get the facts and make an informed choice!