Category Archives: Rebuilding

Anniversal

Having gone through the six years of the bankruptcy process (as I’ve written about many times in that period) today marks a year since that process completed. Time flies, and all that rot.

It’s the final real anniversary of any significance though – even though it came off my record a year ago, most of the banks work on a “Six years plus one” basis (fuck only knows why, but that’s their choice) when it comes to ‘full’ current accounts and the like.

So that’s where we are now – the full “six years plus one” is complete.

It shouldn’t affect things much – it would be nice to have a ‘full’ account with overdraft facility and so on , but only because that’s another thing that is good to have.  I’ve done fine over the last seven years with no overdraft and never needing one, and I don’t see any reason why that would change now.

However, it does mean I’ll almost certainly move away from my current bank’s offering, purely because they were lying dicks about it all the way through the process. Once I’d gone through the first year where I was officially bankrupt, I was fine to have a basic current account. When I got it, I was totally honest with the bank, and they said I could try to apply for an upgrade to a ‘full’ current account on a regular basis (every six months or so) and see how I did.

It was only after three years that anyone mentioned that they wouldn’t give me an account until the “six years plus one” – ‘but it’s not that we have a policy, sir, it’s just that’s how it works, we won’t do it before then‘ – and so had basically lied and wasted my time for all those reviews.  That did cost them money in the end – a complaint went all the way to the Financial Ombudsman, who found in my favour.  (The rule in this case is keep a record of all paperwork and appointments, so you can show a history of wasted time, and stuff that you wouldn’t have done if they’d been honest and said to not bother for seven years!)

So yes, I’ll probably change banks for the current account – I’m not yet sure who to, but we’ll see what happens.

But the most important thing really is that now, seven years on, there’s nothing else keeping me back.

Disconnecting

As part of the whole bankruptcy process (now well and truly complete, of course) I’ve been using a couple of free services to keep track of my credit score.  It’s been useful to know what’s going on, and where things stand.

I primarily use ClearScore (who use data from Equifax) and CreditKarma – who used to be Noddle – and use data from Transunion (which used to be Legatio)

Part of the reports from both of those (and from Experian, whose ‘free’ service is an absolute dumpster fire, and absolutely refuses to allow me to view my own data) involves past addresses, and people with whom one has had a credit connection – things like a shared mortgage, or whatever.

Looking through the CreditKarma stuff in particular, I noticed that they still have a record of my old addresses going right back to Bracknell – bearing in mind, I moved there back in early 2005…   It also still had me linked to Herself for the mortgage we had back on the Norfolk place (which must’ve been 2007/8, if not earlier)

So, I asked them about why this stuff was still on there – bearing in mind, credit stuff is supposed to stay on one’s record for six years and then go – and got a response back that was… less than encouraging.  (Note, I’m going to edit some of this so it’s comprehensible without being comprehensive)

There are several reasons why TransUnion UK hold historic address information [including] something called asset reunification, which is when TransUnion UK helps clients trace the holders of lost or forgotten financial accounts, such as pensions or bank accounts.  So, if you have an account associated with an old address that you don’t know about, financial institutions will be able to find you.

Another reason [we hold] old historic address information is to help organisations trace individuals who have moved without telling their creditors where their new home is (this is known as debt tracing).

For now, let me confirm that TransUnion UK holds address information indefinitely. However, they are reviewing their policy to see if a fixed upper limit can be set on how long they will keep address data for.

The “Indefinite holding” of that data is definitely a no-no. So far as I know, it’s still the case that if a company doesn’t get in touch with a debtor at all for six years, that debt is no longer viable, and is effectively written off.  So historic data could be stored for (I’ll be charitable) seven years, and then get erased. I’d be OK (ish) with that, at least.

But this is information going back more than twice that time.  I’ve now filed requests to lose all of that data – I’ve now been at this one address for longer than the six years usually required – and also to take away the connection to Herself. (I can’t imagine she’d be overly happy to still have that connection either)  We’ll see what happens on those things.

I’m also going to refer this to the Information Commissioner, because I’m pretty sure they’ll be interested in anyone who claims to be storing personal data indefinitely…

Slump

Things have been quiet on D4D of late. Basically, I’m in a bit of a slump, and at the moment I’m not quite sure how to get out of it.

There’s a lot of reasons behind it, but mainly it’s down to an overbearing feeling of stagnation, or being a bit bogged down. I’m used to having change in my life, and at the moment it’s not really there. Some of that is inertia, some of it is still the final stages from the bankruptcy process and some of it is the current state of things. But it all adds up to an overall sludge – and while I know I want things to change, I also don’t quite know what I want to do next, or where I want to be.

Domestically, I’ve been in this house for seven years. That’s by far the longest I’ve been in any one place since I left the family home. I was looking at moving last year when the tenancy came up, but that was only just after the bankruptcy finished, and I didn’t want to push things while it was still showing up on credit checks and the like.  So I’m thinking about it for this year – but there’s also nowhere that’s dragging me, nowhere that I’ve been and thought “OK, this is where I want/need to be”, and it’s all a bit up in the air. There’s still time, though.

Workwise, I’ve been working on the same project for more than three years. (Probably closer to 4, all told)  And while we’ve got a lot done, there still feels like no end in sight (things keep on being added in to it, or stuff is more complex than initially expected) which doesn’t help. I like contracting in general for exactly this – that each contract is finite – even though they can (and usually do) get extended, they still have an end date where I can say “Nope, I’m done”. This one is open-ended, and it’s feeling more and more like a proper job and blah blah.

Outside of those two things, there’s so much doubt about what’s going on in the UK – with Brexit being delayed even further, it’s left everything in limbo again, of not knowing what’ll happen with it, and what’ll happen with jobs, economy and so on if and when it happens. I can’t deny, that all contributes to the current sense of stagnation.

I’m not depressed – well, no more than usual – and I’m still getting out and getting other stuff done. It’s just that I’ve not got the time or energy for anything extra. I wish I did, but I don’t.

I’m going to keep on working on it, though.  I know I need a couple of new projects to be getting on with – but I also need to find the motivation to get it going. That’s where the stagnation is really hurting – I know I need and want to change, but right now the drive to change things is also being blocked.

I’ll figure it out, I know – I always do, and always have done.  And hopefully it won’t take too much longer to turn the corner.

The Joy of Tech

Yesterday, while doing a quick shop on the way to work, I suddenly realised I’d left my wallet at home. Bugger.

I was just about prepared to take everything back to its shelves/locations, when it occurred to me that actually I was still OK – I had my phone with me still. That meant I’d got the ability to make a contactless payment – and because I’d also added the details of my Monzo card/account to the phone, it meant I had everything I needed.

It’s pretty amazing, the way these things have now become so much more mainstream than they were ten years ago, or even five.  Since I got the Monzo card eighteen months ago (it’s the only one I have that also connects into my ApplePay account on the phone) I’ve stopped carrying cash except for specific occasions – for example, the car wash I use still only takes cash.

I still prefer to carry physical cards (hence usually having a wallet) but it was still interesting to realise that forgetting it is no longer the “Oh shit!” moment it used to be. (So long as I remember my phone, and that I can use it, anyway)

Ain’t progress grand?

Closing The Year

And so we’re at the end of 2018. And as such, it seems apt that the last post of the year should be a quick assessment and overview.

All told, it’s been a good – and busy – year.

There’s been more travel than usual, with that week in Toronto to add into the bargain.

There’s been more work, but also more fun times, trips out, meals, etc.

I’ve been doing a lot of work on weight-loss which has ultimately ended up not doing much – but I have more knowledge, more figures, and the steps I’ve taken have improved my health, strength, stamina, and resilience. They’ve just done sod-all to lose actual weight. But I’m OK with that, and it’s something I’ll continue to work on.

On the downside, I’m ending the year with a bit more debt than I’d like. It’s nothing earth-shattering, nor even major. A fair chunk of it is for tickets for things in 2019, of which another decent chunk is owed to me by others for their tickets. But all the same, it’s more than I’d like it to be.

However, in a fit of progress and being grown up, it’s also now all in one place, with zero-interest ’til 2022, and it’ll be done by the end of 2019.  I could do it even quicker if I wanted – and I may do so – but it’s all under control, and I’m OK with it.

There are, as always, things I haven’t done – no matter the good intentions, they just haven’t happened. I’ll continue to work towards those things, and I’m going to write more about that tomorrow.

All told, it’s been a positive year, and I’m feeling pretty good at the end of it.

Nearly Done

Today marks the six-year anniversary of when I declared myself bankrupt.

The next twelve months is the final stage of it all – Bankruptcy is a strange edge-case when it comes to credit-score reporting, because it actually has a duration.

If it had been a simple marker, it would expire today and all would be well.

But because it lasts a year, it doesn’t come off the record until six years after the bankruptcy period *ends*. So, another year of it being on the record.

It’s an oddity, and one that seems to confuse a lot of people when it comes to asking about when these things expire.

Still, only another 12 months to go. Could be worse.

Fiscal Alterations

Over the coming year, there may well be some interesting changes in the finances, although I don’t completely know yet whether they’ll happen – because no-one is willing to give a definitive answer.  Needless to say, that’s frustrating. But hey ho.

The change, if it happens, will be significant. Basically, come August 2018, it’ll be the full six years since my bankruptcy was declared.  In theory, that means it should come off my credit score, as all things do after six years.  The thing is, no-one can tell me whether it’ll happen. It might be that it won’t come off for a further year, because while it was declared in 2012, the official bankruptcy period lasts a year, so it remained ‘active’ until 2013.

Even when I’ve asked financial advisors and debt counselling people, the best answer I’ve been able to get out of any of them is “It depends”

If that’s the case, it won’t come off my record until August 2019. It’s still livable with, and there’s nothing hyper-urgent or anything about clearing the record. It’d just be nice to know.

Once that’s off my record, then it’s a case of onwards and upwards. I’m doing OK already, but really it’ll be nice to have the clear record. Indeed, for now it’s the only thing that’s holding things back, so I’m looking forward to having it gone.  But only time will tell when it’s going to happen.