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dro credit cards.

my DRO drops off in about 2 years. I would like to try start rebuilding credit if possible? is it? 
I took out a vanquis and capital one. is there any other bad lender cards to try please? 

Comments

  • Ebe_Scrooge
    Ebe_Scrooge Posts: 7,320 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    If you're looking to rebuild your credit history and you've got 2 cards already, that's plenty to be going on with.  How recently did you get those cards?  Because making more than a couple of applications in a short space of time will do more harm than good.
    That aside, you can check here for an idea of what you might be approved for: https://www.moneysavingexpert.com/eligibility/credit-cards/search/?goal=CC_CREDITBUILDER
    But really, I'd stick with the 2 cards for now (assuming your primary aim is to build up a good history).  Use them regularly for everyday stuff (food, petrol, whatever), never use them to buy stuff you can't afford, always always ALWAYS repay therm in full when the statement arrives ( a Direct Debit will make sure you never forget).
    Credit cards are probably the simplest method of building up a good history, but you must be disciplined and never ever use them to buy anything you can't afford, and make sure you'll always be able to pay the bill in full each month when the statement arrives.

  • sourcrates
    sourcrates Posts: 31,726 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    my DRO drops off in about 2 years. I would like to try start rebuilding credit if possible? is it? 
    I took out a vanquis and capital one. is there any other bad lender cards to try please? 
    Don`t attempt to feed the debt gremlins, its easy to get carried away with new credit once you start becoming more attractive to lenders again.

    I agree two cards is more than enough.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • oh my god. HAD past tense. I dont have any cards now so cant build credit. 
  • penners324
    penners324 Posts: 3,527 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Aqua and there's a new one from Barclaycard 
  • sourcrates
    sourcrates Posts: 31,726 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    oh my god. HAD past tense. I dont have any cards now so cant build credit. 
    OMG, well you didn`t say "had" in any tense in your opening post.

    "my DRO drops off in about 2 years. I would like to try start rebuilding credit if possible? is it? 
    I took out a vanquis and capital one. is there any other bad lender cards to try please?"

     ;) 
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
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