A couple of BR questions.

I've been discharged since Oct 2019.
I am managing my finances well, and have two credit cards - £1000 and £1500 limit - that I am using to show good credit.  I've got a couple of questions:
  1. Does it matter how much you put on the card each month, in terms of rebuilding your credit score?  I'm just paying my mobile phone bill of £10pcm on the card and then clearing that from the card each month.  Does it have to be more?  Or does the amount not matter, as long as it is cleared in full and isn't too high a % of your credit limit?
  2. Does the bankruptcy stay on your file for 6 years from the date the order began or the date of discharge?


  • luvchocolateluvchocolate Forumite
    3.1K Posts
    Tenth Anniversary 1,000 Posts Name Dropper Home Insurance Hacker!
    It stays on your credit report for 6 years from your BR date. 
    My BR was in 2012 and didn't apply for a credit card until after 6 years. 
    My limit is £3,000 which is fine only spend around £100 per month and pay in full. 
    Last month only had £10 on it and my score dropped by 11 points...spent normal next month and went back up. 
    I'm a great believer in only putting on what you can clear every month 
  • sourcratessourcrates Forumite
    26.6K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Credit score means nothing, its for your eyes only, and is not used in lending decisions, or even seen by the creditor.

    CRA`s use them as marketing tools, and very successfully so too.
    Ex MSE Board Guide.

    More than a third of IVA`s fail....fact.
    Could A Debt Relief Order help you ?
    Never pay a fee for a Debt Management Plan.
    For free non-judgemental debt advice, contact either : Stepchange, National Debtline, or CitizensAdviceBureaux.
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