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  • FIRST POST
    • Three7six
    • By Three7six 11th Aug 18, 8:36 PM
    • 8Posts
    • 2Thanks
    Three7six
    What should I do with available credit?
    • #1
    • 11th Aug 18, 8:36 PM
    What should I do with available credit? 11th Aug 18 at 8:36 PM
    Hi, I wondered if anyone could suggest what I do with open credit I have pre-dro application. I have a credit card with 500 limit on it, catalogue with 800 limit and Studio with 500 limit. All are currently at 0 so should I close them? I can't have more than 500 credit can i? So could I close the catalogue and Studio and leave the CC? Not really sure what I should do. Thanks in advance
Page 1
    • sourcrates
    • By sourcrates 12th Aug 18, 9:48 PM
    • 14,889 Posts
    • 13,971 Thanks
    sourcrates
    • #2
    • 12th Aug 18, 9:48 PM
    • #2
    • 12th Aug 18, 9:48 PM
    Close them, do not be tempted to use them.

    You are legally obliged to inform the lender of your DRO if you borrow over 500.
    In reality you should not be using credit at all.

    Qualifying for a DRO is hard enough, do not risk it been revoked.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
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