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    • debtdepressed
    • By debtdepressed 17th Jul 17, 11:30 AM
    • 9Posts
    • 0Thanks
    debtdepressed
    beneficiary interest and DRO
    • #1
    • 17th Jul 17, 11:30 AM
    beneficiary interest and DRO 17th Jul 17 at 11:30 AM
    Morning All

    Any help welcome.
    I have just come of the phone to stepchange who are sending the paperwork for a debt relief order. I was originally going with NDL But there waitong time is 9 weeks.

    Anyway stepchange advisor said after my budget im left with less tbat 50 a month surplus, dont own a car or house, but she wasnt sure if the dro people will think i have a beneficial interest in my partners mortgaged property (positive equity).
    Im really worried now, never paid mortgage deposit repairs etc and i contibute by paying water and tv license which is 58 a month, i pay around 70% of the shopping 60 a week for 3 of us, and that's it.

    Anyone gone for a DRO and their partner owns the house?

    we have lives here just under 3 years and not married.
    Stepchange advisor said fill the form pay the 90 fee and if the official receiver believes i jave a beneficial interest in the property it will be rejected and i lose the fee, which is fine i just dont want the dro to go through and months down the line being told i have to pay the debts with the house.

    My debts are 13k

    Thanks
Page 1
  • National Debtline
    • #2
    • 17th Jul 17, 2:08 PM
    • #2
    • 17th Jul 17, 2:08 PM
    Hello


    I'm happy to hear that you have been able to get the wheels in motion on your DRO more quickly as a result of contacting Stepchange. It is standard practice for the intermediary handling your application to make you aware of any possible grounds for rejection of the DRO before they submit your application, however unlikely they might be.


    What you have said above about not paying towards the deposit or the mortgage itself will all support the argument that you do not have a beneficial interest in the property. Your marital status makes no difference in the matter. The intermediary has presumably requested bank statements from you - do you and your partner bank jointly (this can make it a little more complicated to determine exactly who pays what) or using separate sole accounts?


    More to the point, even if a DRO were rejected it does not then have any direct consequences on the house - it simply means that you go back to where you were before the DRO began and you then review the options available to you.


    Dennis
    @natdebtline
    We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps
    • debtdepressed
    • By debtdepressed 17th Jul 17, 2:41 PM
    • 9 Posts
    • 0 Thanks
    debtdepressed
    • #3
    • 17th Jul 17, 2:41 PM
    • #3
    • 17th Jul 17, 2:41 PM
    Thankyou so much Dennis

    No we dont have a joint account. He isnt aware of my debts but i can get a mortgage statement showing the money come from his bank if needed, just cant get his bank statement.

    Stepchange never asked for bank statements.

    To add more stress i have just gone on my experience credit report and to my horror i see a HP agreement showing 11k i am a gurantor for my mum and told it would not go on my credit file. Will this be considered an asset also if its added to my DrO it takes the total debt to 23k.

    My mum has a years worth of proof of payment car in her name etc i was just a gurantor when i was in a better financial situatuon.
    Is this going to affect me even if i get evidence i do not own the car, or will this be seen as a asset and take my debt over 20k?
    • debtdepressed
    • By debtdepressed 17th Jul 17, 3:00 PM
    • 9 Posts
    • 0 Thanks
    debtdepressed
    • #4
    • 17th Jul 17, 3:00 PM
    • #4
    • 17th Jul 17, 3:00 PM
    Bad news just received advice that a dro will not be considered due to them seeing me as having a beneficial interest in the property "on the grounds i looked after my faughter for 5 months in the house" i genuinely have no way out of this debt and absolutly nothing to pay for it!
    • fatbelly
    • By fatbelly 18th Jul 17, 7:11 AM
    • 10,928 Posts
    • 8,148 Thanks
    fatbelly
    • #5
    • 18th Jul 17, 7:11 AM
    • #5
    • 18th Jul 17, 7:11 AM
    This crops up regularly as an issue for stepchange. It's a misinterpretation of the guidance by their general advice team. But I doubt you will get anywhere by attempting to educate them.

    As I think I said in your other thread, the bottom line is that you've been found eligible by NDL for a £90 scheme that will release you from your debts. It's worth sticking with the process
    • DorisTrousers
    • By DorisTrousers 18th Jul 17, 7:12 PM
    • 474 Posts
    • 279 Thanks
    DorisTrousers
    • #6
    • 18th Jul 17, 7:12 PM
    • #6
    • 18th Jul 17, 7:12 PM
    Nobody gets anywhere by trying to educate SC, I can only echo the advice given to stick with NDL, or alternatively check to see if your local CAB has a drop in facility.

    As a DRO Approved Intermediary, I can assure you that I have put forward multiple DRO applications in similar circumstances and to date not one has been rejected. Perhaps others may feel you should follow a different path, a DMP for example, but from your posts so far it looks like a DRO is definitely favourite.
    • debtdepressed
    • By debtdepressed 18th Jul 17, 9:17 PM
    • 9 Posts
    • 0 Thanks
    debtdepressed
    • #7
    • 18th Jul 17, 9:17 PM
    • #7
    • 18th Jul 17, 9:17 PM
    Thankyou Doris thats so re-assuring.

    Im literally having a mental breakdown had to take days off work as i cannot function anymore really is starting to affect my everyday life, plus the stress of pregnancy.

    I was on a DMP but as a temp worker it ended and my income reduced allot! Cant see it going up anytime in the next year due to another child.

    I will keep at it thanks for your reply
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