question category: Debt Management

How long after I clear my debts with a DMP will it be before I can apply for a credit card?


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Re: How long after I clear my debts with a DMP will it be ...

By having a DMP your credit rating will be severely affected and you will find it hard to get any credit for the foreseeable future. A bad credit history stays on your credit record for 6 years after it is satisfied. It will therefore depend on the individual policy of the credit card companies you apply to, as to whether they will let you have a credit card or not during those 6 years.

 

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