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If I have been declared bankrupt in the past can I still get credit in Canada?


anewstart072310's picture
By anewstart072310 - Posted on
21 May 2016

We have unfortunately gone through bankruptcy in our past and we were wondering if it will effect our credit in Canada or will we be given a new line of credit? Thanks

Anonymous
Anonymous's picture

IF any of the credit was for companies in Canada, it will. Mostly though you will have new credit when arriving in Canada that will likely not encompass are reflect your credit history in another country.

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Shantalie's picture
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Last seen: 4 days 2 hours ago
Joined: 01/08/2012

Living in:
Cape Town, South Africa

From:
London, England

Where were you declared bankrupt?


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anewstart072310's picture
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Last seen: 1 year 29 weeks ago
Joined: 21/05/2016

We declared bankruptcy in colorado of 2012. Why?

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MaryClark's picture
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Last seen: 1 year 18 weeks ago
Joined: 26/07/2016

Your current situation will affect the decision more - your salary, stability, current assets.
Getting mortgage will be most complicated form of credit.

But even if you get refused for credit in bank, you can still take one from private lenders companies. Tones of them. It will be just more expensive.

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