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  • FIRST POST
    • Jr14
    • By Jr14 22nd Nov 17, 10:42 PM
    • 60Posts
    • 2Thanks
    Jr14
    DRO balances
    • #1
    • 22nd Nov 17, 10:42 PM
    DRO balances 22nd Nov 17 at 10:42 PM
    For my DRO approved yay thank you for everyoneís help!

    I checked one of my credit card final balances on my noddle account as was still linked to an old address but Iíve just received an email informing me Iím near to my credit limit - itís about £28 above the amount stated on the DRO will I have to pay this? (It doesnít take me over the 20k limit or anything). Hoping theyíll maybe just close my account?

    Thanks again in advance!
Page 1
    • fatbelly
    • By fatbelly 22nd Nov 17, 10:58 PM
    • 11,659 Posts
    • 8,793 Thanks
    fatbelly
    • #2
    • 22nd Nov 17, 10:58 PM
    • #2
    • 22nd Nov 17, 10:58 PM
    They may inform the DRO Unit that the balance is higher but unless you are right up to the £20k limit there is no point.

    The account is frozen for 12 months, then written off.
    • sourcrates
    • By sourcrates 22nd Nov 17, 11:01 PM
    • 12,731 Posts
    • 12,068 Thanks
    sourcrates
    • #3
    • 22nd Nov 17, 11:01 PM
    • #3
    • 22nd Nov 17, 11:01 PM
    No you don’t pay anything once your DRO is approved.

    See Fatbelly advice above.
    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/
    • Jr14
    • By Jr14 22nd Nov 17, 11:03 PM
    • 60 Posts
    • 2 Thanks
    Jr14
    • #4
    • 22nd Nov 17, 11:03 PM
    • #4
    • 22nd Nov 17, 11:03 PM
    Great thanks - was worried then. Not anywhere near the 20k limit but was worried they could keep adding late payment fees onto the higher amount leaving me to pay it after 12 months.
    Panic over
    • Jr14
    • By Jr14 22nd Nov 17, 11:26 PM
    • 60 Posts
    • 2 Thanks
    Jr14
    • #5
    • 22nd Nov 17, 11:26 PM
    • #5
    • 22nd Nov 17, 11:26 PM
    Would I need to inform the OR of the difference in balance?
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