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.