Does a DRO affect you for life?

hannahbell

I had one and am worried about the impact on job prospects. Are you permanently excluded from certain sectors like financial etc? I may have lost a job due to an old DRO almost a decade ago. I was young and going through a tough time. I’ve tried so hard to build my credit back up but it seems like it will never be good enough?

flipflopflo

The DRO should drop off your credit files after 6 years and off the IS website after 15 months so there is no sign of it now. 

If you are asked are you or have you ever been declared insolvent then you would have to answer yes. 

But if you are asked are you or have you ever been declared bankrupt then the answer is no. 

So I would say it shouldn’t really affect you that much now at all. 

Have you checked the three credit reference agencies to see that it is no longer on your files?

sourcrates

I think your over reacting a tad here, a DRO stays on file for 6 years, then its gone, forever.

You are not excluded from anything, a decade old DRO won`t show anywhere as it no longer exists.

Are you perhaps confusing debt solutions, (Debt Relief Order) with a default on your credit file, or an AP marker, as your post makes no real sense ??

hannahbell

Thanks for the replies. I wish I was over-reacting. It’s not on my credit files and I wasn’t asked about it otherwise I would have mentioned it. It came back on a background check with no further information.

mjm3346

Although it drops off your credit file so the majority of companies cannot see it any company you owed money to could still have records.

Goldenlady29

hannahbell said:

I had one and am worried about the impact on job prospects. Are you permanently excluded from certain sectors like financial etc? I may have lost a job due to an old DRO almost a decade ago. I was young and going through a tough time. I’ve tried so hard to build my credit back up but it seems like it will never be good enough?

I currently work in HR for a wealth management, before that I worked for a number of investment banks. As part of the onboarding process, a credit check will be done. If you have a CCJ, IVA or DRO it is highly unlikely that you will be hired. 

hannahbell

Goldenlady29 said:

hannahbell said:

I had one and am worried about the impact on job prospects. Are you permanently excluded from certain sectors like financial etc? I may have lost a job due to an old DRO almost a decade ago. I was young and going through a tough time. I’ve tried so hard to build my credit back up but it seems like it will never be good enough?

I currently work in HR for a wealth management, before that I worked for a number of investment banks. As part of the onboarding process, a credit check will be done. If you have a CCJ, IVA or DRO it is highly unlikely that you will be hired. 

Even if it has expired and is nearly a decade old? They have reported on it and even said it is active when it's not and the insolvency service have no idea where they’ve pulled it from and want me to follow-up with them. I would just like to know where they got the information from but they wouldn’t say. No other body has it and I would have approached it differently but I was going off the official guidelines i.e. you’re not discriminated against for life.

flipflopflo

Is the company linked to a company who was in your DRO? 

@fatbelly could the OP make a SAR request to the company? Or something similar? A complaint to the ICO? Just trying to think outside the box. 

hannahbell

flipflopflo said:

Is the company linked to a company who was in your DRO? 

@fatbelly could the OP make a SAR request to the company? Or something similar? A complaint to the ICO? Just trying to think outside the box. 

Not linked, nothing on any of the credit reports and I tried several
others last night to double-check. I read on the ICO website you can have exemptions to access old records on the internal insolvency computers but that doesn’t explain it.

fatbelly

With bankruptcy, there remains a record in the London Gazette but not with a DRO.

I can't think of anything useful to add to these posts 

mjm3346

hannahbell said:

Not linked, nothing on any of the credit reports and I tried several
others last night to double-check. I read on the ICO website you can have exemptions to access old records on the internal insolvency computers but that doesn’t explain it.

If, correctly, nothing is showing on your credit reports then perhaps there is some remote link between the company you applied to and a company you owed money to.