Credit history — impact of debt settlement order

Credit history — impact of debt settlement order

If you a credit card debt relief purchase (DRO) or experienced one out of days gone by, it shall influence your credit score. This may suggest it is found by you more challenging to have credit as time goes on.

These pages describes what you need to learn about how a DRO could impact your credit history.

Your money

The Official Receiver won’t inform your bank regarding your DRO, unless your bank is detailed as a creditor. Many banking institutions immediately check whether any one of their customers have now been provided a DRO.