Dealing with banks after bankruptcy
October 8th, 2007 by Questions
In your experience, if I claim bankruptcy and list X-bank as a creditor, how likely is X-bank to deal with me in the future?
Our bankruptcy included a loan at one bank, and credit cards from 2 other banks. This certainly limits us in the future if these banks will never deal with us again.
I know the bankruptcy will no longer appear on our credit report after 7 years – will the banks rely on our credit report if we applied for credit with them in the future (after the bankruptcy is removed from our credit report), or would they rely on our previous history with them?