I have just finished my moratorium period on 12th Sept and I was wondering what the situation was regarding getting a small credit card just to build my credit rating back up. What is the procedure for this? Am I allowed to? I know there was a limit of £500 credit before I had to inform creditors but not sure whether that was during my 12 month moratorium period or after it, How long does a DRO stay with me? Also, if a form says "have I had an IVA or CCJ" do i say yes or no with a DRO?
Thanks in advance.
Regarding "that" question: It is usually phrased as "Have you ever entered a debt solution or made any arrangement with creditors?", rather than being specific --- but, if the ask "IVA", "CCJ" then you can honestly say no.
See last line here:
https://www.gov.uk/options-for-paying-o ... ief-orders
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