How will an Administration Order affect my credit rating?

An Administration Order is listed on the Register of Judgments, Orders and Fines, which is publicly available at Trustonline (a fee of £4 is charged to search this section of the register).  It can affect your credit rating.

If you repay you debts in full through this debt solution then you can request the court mark your entry on the register as “satisfied”

You can get an official record showing that the order has finished by asking the court for a 'certificate of satisfaction'. This costs £15.

The details of your Administration Order will be visible on your credit history file, with the credit reference agencies, for six years. This could make it harder for you to open a current account or acquire further credit facilities after the order has finished.

Debt Advice Foundation is a registered UK charity offering free, confidential support and advice on any aspect of debt. If you need to talk to someone about Administration Orders, please call 0800 043 40 50  to speak to an adviser.