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    • sourcrates
    • By sourcrates 15th Jul 17, 2:06 PM
    • 12,429 Posts
    • 11,834 Thanks
    sourcrates
    Thanks for your reply. I called stepchange this morning there waiting time is around 2 weeks, have to call back monday to discuss dro and update my budget to move forward.

    Either way its a step in the right direction
    One of my debts has been passed to a collection agency whilst on a dmp no notification only found out as i called aqua to get an updated balance on my account!! didnt think to let me know.
    Originally posted by debtdepressed
    Dont worry about been chased for these debts, debt collection can be a very long process, nothing happens quickly, all they will do is write to you and call you for the foreseeable future.

    If it bothers you that much simply write or email them and inform them of your intention to enter a DRO, they will most likely turn there attentions to someone else whose debt they can recover.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Legal advice see : http://legalbeagles.info/
    • debtdepressed
    • By debtdepressed 16th Jul 17, 10:53 AM
    • 35 Posts
    • 6 Thanks
    debtdepressed
    change of circumstances
    Hi again,

    Another question.

    Upon thinking of thinks im now considering if i sjould wait for a DRO the reason being is that my job ends 31st august and my maternity allowance starts 17th september (probably paid end of sep) so the whole month i have no income.

    BUT the end of september to the end of November i will receive MA at 139 a week and CB 20.80 a week. I will be paying nursey fees no more so although im saving 600 nursey fees plus 100 work expenses a month im losing 500 in income, so although im around 100 a month better off i need baby things milk nappies bottles clothes etc with my partner contributing.

    Im worried they will see my surplus of being more then 50 a month, come end of november when my baby is born that will be extra cost so im not worried about that, its the month october and november.

    So because the waiting time is 9 weeks am i best going ahead and telling them my 2 change of circumstances (end of aug when my job ends no nursey fees, petrol expense less but no income for september) OR the end of November ( when my MA will all be in place and new baby here)

    Any advice recommendations would help.

    I really dont see my gaining any extra income at all due to me needing baby items.

    Thanks in advance x
    • debtdepressed
    • By debtdepressed 16th Jul 17, 11:20 AM
    • 35 Posts
    • 6 Thanks
    debtdepressed
    Also to add as i will not be working i will also lose the 116 a month tax credit childcare element, so perhaps ive answered my own question il be down atleast 650 a month.
    • Missmoo1987
    • By Missmoo1987 26th Jul 17, 4:05 PM
    • 4 Posts
    • 0 Thanks
    Missmoo1987
    Hi just a quick question but my dro was paid and processed on Monday afternoon around 5, by StepChange, I have called them and they haven't heard anything back yet, and I'm not on the register yet?
    Is this normal because I put my application in so late on Monday does it count as Tuesday?? I'm worried as I have bailiffs wanting to come in and take my possessions and I need this dro to be approved and I'm worried it won't be!? ����
    • debtdepressed
    • By debtdepressed 26th Jul 17, 4:20 PM
    • 35 Posts
    • 6 Thanks
    debtdepressed
    I wouldn't worry i think its 48 to 72 hours once submitted, should be on tomorrow. Stepchange wouldnt of processes it if they beleive you wasnt eligable.
    • Missmoo1987
    • By Missmoo1987 27th Jul 17, 10:58 AM
    • 4 Posts
    • 0 Thanks
    Missmoo1987
    Ok still not on the register today, I just spoke to StepChange and they haven't heard anything back yet either :-/ will they be told if it's rejected??! Agh this feels like it's taking forever, just need to know either way! So stressful:-/
    • debtdepressed
    • By debtdepressed 27th Jul 17, 11:33 AM
    • 35 Posts
    • 6 Thanks
    debtdepressed
    Can they not chase it up? let us know how u get on, daunting isnt it, sure you will be fine x
    • Missmoo1987
    • By Missmoo1987 27th Jul 17, 1:15 PM
    • 4 Posts
    • 0 Thanks
    Missmoo1987
    They just told me when they know they will try to contact me? They didn't have any other advice for me :-/
    • Stuckinarut2017
    • By Stuckinarut2017 30th Jul 17, 9:51 PM
    • 5 Posts
    • 1 Thanks
    Stuckinarut2017
    Hi guys

    Have found myself in a very difficult and stressful time of my life recently. I have been suffering from a gambling addiction and depression which spiralled out of control the past few months.

    It has left me in a very bad state of mental health and around £11k in debt, almost all due to gambling.

    I cant afford the various monthly payments anymore on loans, payday loans, credit cards etc after my general living expenses and have missed payments.

    My debts are
    £7500 natwest loan
    Overdraft £1000
    Credit cards £1000
    Payday loans £1000

    I went through the process on the stepchange website, which at the end recommend DRO as the best option for my circumstances as i had around £45 surplus income left on my low income.

    At first glance i do meet the requirements.
    Debt under £20k, no car, no assets over £1000 etc.

    My concerns are that do you think the dro agency or natwest themselves are likely to reject due to the history of my gambling and that the loans were very recently took out. (2-3 months ago)

    Also what kind of proof if any is needed on your monthly expenditure? I tried to be as accurate and honest as possible. I normally pay board/rent etc to my parents in cash. Is this likely a problem.

    Thanks for any advice
    • fatbelly
    • By fatbelly 31st Jul 17, 7:14 AM
    • 11,517 Posts
    • 8,651 Thanks
    fatbelly
    It's possible you would get a DRRO (restriction order) but it's unlikely.

    Most applications just sail through.
    • sourcrates
    • By sourcrates 31st Jul 17, 11:13 AM
    • 12,429 Posts
    • 11,834 Thanks
    sourcrates

    Also what kind of proof if any is needed on your monthly expenditure? I tried to be as accurate and honest as possible. I normally pay board/rent etc to my parents in cash. Is this likely a problem.

    Thanks for any advice
    Originally posted by Stuckinarut2017
    I dont think you have to supply bank statements, but your intermediary will ask to see pay slips to confirm your income, however, you do not need any proof of how that income is distributed or to whom, they just take your word for it basically.

    So all you need to have proof of is your initial income from whatever source that may be.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Legal advice see : http://legalbeagles.info/
    • Stuckinarut2017
    • By Stuckinarut2017 2nd Aug 17, 7:28 PM
    • 5 Posts
    • 1 Thanks
    Stuckinarut2017
    Great, thanks guys.

    Currently waiting for my dro application pack to come through the post

    Any ideas on cirrent timescales of the process with stepchange?

    Thanks again
    • debtdepressed
    • By debtdepressed 2nd Aug 17, 8:08 PM
    • 35 Posts
    • 6 Thanks
    debtdepressed
    Hi

    stepchange advised me about 8 days there current waiting times. This was around 3 weeks ago.

    good luck with your application.
    • Confuzzledhelp
    • By Confuzzledhelp 10th Aug 17, 11:09 PM
    • 2 Posts
    • 0 Thanks
    Confuzzledhelp
    Hi all,

    Hoping you can help! Spoke to CAB but no one seems to know the answer. I'm self employed as well and employed. My question is, how will a DRO affect my self employment? It is not a LTD company, and I am in partnership. Can I still run my business as usual? The debt I have is personal btw, nothing to do with the business.

    Thanks!
    • fatbelly
    • By fatbelly 11th Aug 17, 9:14 AM
    • 11,517 Posts
    • 8,651 Thanks
    fatbelly
    Hi all,

    Hoping you can help! Spoke to CAB but no one seems to know the answer. I'm self employed as well and employed. My question is, how will a DRO affect my self employment? It is not a LTD company, and I am in partnership. Can I still run my business as usual? The debt I have is personal btw, nothing to do with the business.

    Thanks!
    Originally posted by Confuzzledhelp
    I don't know why the CAB found that so difficult.

    It won't affect you, except that it will put a mark on your credit file and you may find getting credit more difficult - but then you probably had defaults on file anyway.

    Full list of restrictions (from the CAB site)

    Debtors who have had their DRO application approved will be subject to the same restrictions as bankrupts. The main restrictions are as follows:
    • The debtor must not obtain credit of £500 or more, either alone or jointly with another person, without disclosing to the lender that they are subject to a DRO. This restriction applies not only to the borrowing of money, but also to the obtaining of credit as a result of a statement or conduct made with the objective of securing credit, even though the debtor has not entered into a specific agreement for it. This would include, for example, ordering goods without requesting credit but then failing to pay for the goods when they are delivered
    •  The debtor may not carry on a business (directly or indirectly) in a name that is different from the name under which they were granted a DRO, without telling all those with whom the debtor does business the name under which they were granted a DRO
    •  The debtor may not be involved (directly or indirectly) with the promotion, management or formation of a limited company, and may not act as a company director, without the Court’s permission
    •  The debtor may not hold certain public offices4, or hold offices as a trustee of a charity or a pension fund
    •  The debtor will not be eligible to apply for a DRO again for six years
    • Flyright
    • By Flyright 11th Aug 17, 2:02 PM
    • 308 Posts
    • 171 Thanks
    Flyright
    Doesn't a DRO have the effect of severing a partnership though?
    • fatbelly
    • By fatbelly 11th Aug 17, 8:29 PM
    • 11,517 Posts
    • 8,651 Thanks
    fatbelly
    Doesn't a DRO have the effect of severing a partnership though?
    Originally posted by Flyright
    How would it do that?
    • sourcrates
    • By sourcrates 11th Aug 17, 8:38 PM
    • 12,429 Posts
    • 11,834 Thanks
    sourcrates
    How would it do that?
    Originally posted by fatbelly
    Think he means business partnership possibly ?
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Legal advice see : http://legalbeagles.info/
    • fatbelly
    • By fatbelly 11th Aug 17, 8:57 PM
    • 11,517 Posts
    • 8,651 Thanks
    fatbelly
    A DRO is for personal debts and confuzzled says the debts are personal, not business.

    If any of the debts are joint, then the liability transfers to the other party, but the way I read it they were his personal debts.

    I'm not aware of any mechanism by which a DRO would affect a partnership business - presumably there would be something in the Insolvency Act?
    • Pattie94
    • By Pattie94 14th Aug 17, 7:20 PM
    • 25 Posts
    • 3 Thanks
    Pattie94
    Hi, I have my barcode ready and will be making the payment tomorrow and seeing cab on Friday to get the application submitted. My question is, I just realised that I might owe some money to my previose employer as I had some underhours before my maternity leave and I never returned to work. They haven't let me know officially if I owe anything and I am not sure when I will find out. What will happen if the company ask me for money back once Iam on DRO? Thank you.
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