credit file clean up

Contracts_Engineer

My partner had a dro from 2011 to 2012 and it ended around april time.

She had and still has a hsbc basic account and wants to upgrade to a standard / normal hsbc account (still free - no monthly cost) as this means we get the regular savers account 6% apr if we put upto £250 a month in the account (of which we can afford this no problem).

She has just rang them and they refused as they said she has adverse credit.

Does she need to do a credit file clean up like a bankrupt person would? e.g. would some balances still be showing as a "figure" or as "unsettled" until you request that company shows this as settled at the date that the DRO ended?

Contracts_Engineer

just to clarify we have £0 debt, nothing on credit, no contracted mobile phones - basically we have nothing on the "never never"

Contracts_Engineer

over 60 views and no responses?????????

erimus1

Contracts_Engineer wrote: »

My partner had a dro from 2011 to 2012 and it ended around april time.

She had and still has a hsbc basic account and wants to upgrade to a standard / normal hsbc account (still free - no monthly cost) as this means we get the regular savers account 6% apr if we put upto £250 a month in the account (of which we can afford this no problem).

She has just rang them and they refused as they said she has adverse credit.

Does she need to do a credit file clean up like a bankrupt person would? e.g. would some balances still be showing as a "figure" or as "unsettled" until you request that company shows this as settled at the date that the DRO ended?

A DRO stays goes on and stays on your credit file for six years from the date of the orde. During this period you will have virtually a zero chance of getting a normal bank account. Why don't you just take advantage of the offer yourself instead of our o/h?

Contracts_Engineer

if you are a bankrupt you make sure that when the BR ends your credit file shows all balances as settled or as £0.

If they dont then you write to the company an get them to change your credit file. when this is done you can get a vanquis credit card and start rebuilding your credit score.

What im asking is, is this something you need to do with a dro as im sure you have defaulted on your debts?

erimus1

Contracts_Engineer wrote: »

if you are a bankrupt you make sure that when the BR ends your credit file shows all balances as settled or as £0.

If they dont then you write to the company an get them to change your credit file. when this is done you can get a vanquis credit card and start rebuilding your credit score.

What im asking is, is this something you need to do with a dro as im sure you have defaulted on your debts?

Not quite sure what you're asking here but I think the best thing t do is, check the credit fie with all here agencies and if there are unsatisfied bancroft tat shoud be part of the DRO, query it with the CRA.

In my experience, if ou have defaults showing on your cret fie, it's missile to get a normal bank account within six years. I do know, however, of people who ave had bankruptcies and DRO's have managed to get back on track within two or three years - strange situation as in both the latter, you woud certainly have had outstanding balances, whereas with defaults, thre is a fur concept that these could actually have been paid off. The whole system is completely unjust in my view.

caz2003uk

Follow this link https://forums.moneysavingexpert.com/discussion/677875

Replacing the bankruptcy for DRO in the letter to send!