Bankruptcy gone after 7 years? I think not.
For the last 3 years, this woman wakes up after reading some book and starts to successfully put her life together. Today she has no debts and has savings of $45,000 spread over a couple of banks. Her credit score is 740. Rbc has extended her $15,000 in various forms of credit in the last year alone. TD, where she has a savings account where she has deposited $1500 a month for last year and a half, has never offered her credit. Yesterday, she applied for an emerald credit card on the phone and everything was going smoothly until she was told to hold and a different person comes on the line to tell her “we can’t proceed with this application, please call the recovery dept. at this number”.
She did not call the recovery dept. because she is too ashamed to be reminded of the bankruptcy and those awful times.A TD credit card debt of $15,000 was included in the bankruptcy 10 years ago but TD did keep the $10,000 RRSP account she had with them at that time.
Do you agree that a bankruptcy never really goes away? I tend to think so.