Discharged from Bankruptcy? You’ve still got options
Bankruptcy can be a tough experience – emotionally, financially, and practically. But once you’ve been discharged, it’s the start of a new chapter.
At Pepper Money, we understand that real life doesn’t always go to plan. That's why we look at the whole picture to help you explore what's possible.
What does it mean to be discharged from bankruptcy?
How long does bankruptcy stay on your credit report?
What causes bankruptcy?
Bankruptcy can happen to anyone. Life events like job loss, illness, or unexpected expenses can quickly impact your ability to repay debts. Whether it’s voluntary or court-ordered, it’s important to know that support is available.
Tips to help you recover
If you’ve been discharged from bankruptcy, here are some steps that could help you get back on track:
- Speak with your Trustee in Bankruptcy for guidance.
- Avoid applying for new loans until you’ve had time to stabilise your finances.
- Stick to a budget and build up regular savings.
- Monitor your credit report and check for any errors or unusual activity.
Can you get a home loan after bankruptcy?
Yes – depending on your situation. If you’ve been discharged or entered into a debt agreement, some lenders may still consider your application. At Pepper Money, we take a real-life approach. We’ll look at your current employment, income stability, and savings habits to understand your full story.
How Pepper Money could help
We know that your past doesn’t define your future. If you’ve experienced credit impairment or bankruptcy, we’ll take the time to understand how it happened and what’s changed since. If you’re in stable employment and managing your finances well, we may be able to help you find a home loan that suits your needs.
Ready to take the next step?
If you’re looking to explore your options after bankruptcy, speak with one of our lending specialists on 137 377, or enquire online. We’re here to help.
Contributor | Neil Culkin, Head of Credit and Settlements
Neil has a 20-year career in credit provision. At Pepper Money, he oversees the underwriting and credit control of all consumer finance loan applications. He is also responsible for updating lending policies and guidelines. Read more.
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Resources to help with credit issues
It can be tough to recover from a credit event. We've put some resources together to help you get back on-track.
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