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 Can I take £500 credit within the 12 months of debt relief order ?		  New Topic  Reply to Topic
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Nichaela
Starting Member



2 Posts
Posted - 28 January 2012 :  14:28:54  Show Profile  Visit Nichaela's Homepage  Reply with Quote
Can I take a credit of £500 within the 12 months of a debt relief order, without advising the receiver. The debt relief order started in October 2011.

Viki.W
forum expert



United Kingdom
2211 Posts
Posted - 28 January 2012 :  15:05:58  Show Profile  Reply with Quote
Is this credit relating to your business, eg supplier? Or personal credit?

You must tell the company lending you the money that you have a debt relief order.



Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/
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Nichaela
Starting Member



2 Posts
Posted - 28 January 2012 :  15:14:18  Show Profile  Visit Nichaela's Homepage  Reply with Quote
personal?
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Viki.W
forum expert



United Kingdom
2211 Posts
Posted - 28 January 2012 :  16:29:30  Show Profile  Reply with Quote
As long as you tell them about your debt relief order.

I would try not to get into debt again though, is there something specific you need the money for immediately?





Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/
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debtinfo
forum expert



2826 Posts
Posted - 28 January 2012 :  16:49:42  Show Profile  Reply with Quote
if the amount is less than £500 you dont have to tell anyone, if the amount is more than £500 then you have to tell the lender you are in a DRO.

as viki says though, do you really want to go down the debt route again?
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Niobe
Administrator



United Kingdom
4590 Posts
Posted - 28 January 2012 :  17:20:44  Show Profile  Reply with Quote
I imagine it may be hard to get any credit anyway with a DRO on your record.

I can't see the OR being happy about it,

Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe



Jan
xxx
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debtinfo
forum expert



2826 Posts
Posted - 28 January 2012 :  17:24:21  Show Profile  Reply with Quote
The OR wont care, as long as you lawfully declare what you are meant to
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