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DRO and exisiting credit card
This is a bit of a strange one, but I have a few months to run on my dro (12 dec!!) And I have a credit card that has a clear balance and has £4000 credit available. I'm pretty sure I can't use it whilst still on the DRO, what about afterwards? I cleared the credit card years ago and just left it there. Would I be able to use it to rebuild my credit score?
If I use it they are not likely to ask me to pay it off straight away?
If I use it they are not likely to ask me to pay it off straight away?
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Comments
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Once the moratorium completes you should not have any further issues - use the card but obviously try to pay in full each month.
The dro stays on your credit file for 6 years - don't expect to have much of a 'score' while it's on there.0
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