advice can i have credit?

bartman100

I have had an iva for over 10 years and recently applied for a capital one credit card which i got. I have never missed a payment on my IVA and all ok apart from Moorcroft who have searched my credit file and found i have a credit card. They wrote to me and i passed this on to my debt management company. I got a phone call this morning from my debt management company saying I can not apply for credit? is this correct? the Capital One card has a limit of £200 and i use it properly should i close the credit card account? Bit worried not sure what i should do. any advice please.
All i am trying to do is repair my credit rating for the future.

Charco_2

Im making an educated guess here...

You are not in an IVA.

You are in a DMP - very different!

An IVA would have concluded after five years... possibly six! Regardless of the amount you have paid.

If you are in a debt solution then it's probable that you shouldn't be using any credit, although if you were in an IVA you could ask the permission of your IP to use a small amount of credit for essentials! (ie not actually using credit, but using the facilities provided by say a debit or credit card to purchase online!)

You don't seem to understand the nature of your debt solution and so i would speak to your company again to get an update on your situation - ten years is a long time to still be dealing with your debts... are you close to the end?

How much debt had you 10 years ago?
How much is your debt now?
How much are you paying monthly?
How much have you paid over the last 120 months?