If you have a debt relief order (DRO) or have experienced one out of the last, it shall impact your credit rating. This may suggest you see it harder to have credit as time goes by.
This site describes what you should find out about what sort of DRO could impact your credit history.
The Official Receiver will not inform your bank regarding your DRO, unless your bank is detailed as a creditor. However some banking institutions automatically check whether some of their clients have already been provided a DRO.
In case the bank is roofed in your DRO or it discovers them to decide whether to freeze your account or let you open a new one out you have one, it’s up to.
What exactly is your credit history?
It is to lend to you when you apply for a loan or other type of credit, the credit provider will search your credit reference file to see how much of a risk. Continue reading