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Credit card after DRO
BBrannigan
Posts: 2 Newbie
My DRO ended at the beginning of this year, but I’m going to need a credit card towards the end of this year/early next year as I will need to go abroad and rent a car - so I simply need a credit card for car rental rather than actually using it for credit.
The problem is I had cards with Aqua and Vanquis that were cleared by my DRO - are there any other credit cards that accept customers with bad credit, or I’m I totally out of luck?
The problem is I had cards with Aqua and Vanquis that were cleared by my DRO - are there any other credit cards that accept customers with bad credit, or I’m I totally out of luck?
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Hi, my DRO ended two years ago and about six months afterwards I successfully applied for an Ocean credit card with a limit of £1500. You may already be aware that Ocean is owned by Capital One and all went well until I wanted to apply for a 'proper' credit card and so I phoned and asked Capital One and to my surprise they allowed me to have another one. So I had two Capital One cards but then was able to transfer the (small) balance from the Ocean to the Capital One proper card as it had a lower interest rate.
I built up my creditworthiness from there and now I don't have any Capital One cards but I do have a Virgin Money credit card with a limit of £3,500 and it was 0% interest, which ends next year. I don't use all the credit available to me though. Since my DRO I've become far more savvy with money (at least I think so!). As far as I'm aware, Capital One doesn't have any dealings with either Vanquis or Aqua.
Obtaining credit has become a little more difficult of late but hopefully you will be able to get something. If it's just for hiring a car then you don't need a high limit. Good luck! Things will hopefully start to look up a bit for you now, they did for me anyway.
Please note - taken from the Forum Rules and amended for my own personal use (with thanks) : It is up to you to investigate, check, double-check and check yet again before you make any decisions or take any action based on any information you glean from any of my posts. Although I do carry out careful research before posting and never intend to mislead or supply out-of-date or incorrect information, please do not rely 100% on what you are reading. Verify everything in order to protect yourself as you are responsible for any action you consequently take.1 -
Well I’ve tried the eligibility checker on this site and each and every one says I have 0% chance of eligibility! 😳0
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BBrannigan said:Well I’ve tried the eligibility checker on this site and each and every one says I have 0% chance of eligibility! 😳I don't rate eligibility checkers in the slightest. In the middle of my DRO one said that I was pre-approved for a Chrome credit card with a limit of £2K which was obviously b******s.Apply anyway, the worst thing that can happen is that you're declined. Just don't over do the applications.
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What about a prepaid credit card that you load money on to?0
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I'm 9 months out of my DRO and I applied for an Ocean credit card through Clearscore eligibility checker and was accepted with a £200 limit
I only wanted £100 but £200 is the lowest but only use it to buy groceries pay it off in full each month
I was offered a Zopa one too, but decided against it
Might be worth checking out0
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