Debt Relief Orders (DRO) - Information & help thread

Stardust

You will need a statment from them, bite the bullet and phone their customer services and get an up to date statement sent to you.

fatbelly

scarlet55 wrote: »

iv been reading this thread for about 4 hours and iv been looking to see iff anyone asks a question that i need an answer to but no-one has so il ask myself....i have an appointment with the cab next week and i have a list of all my creditors except 1...i defaulted on my catalogue when i moved house last year....stupid i know, but i cannot remember how much i owe them, i no longer know my account number but i used to do my account on-line and used my email address and password, i have been on-line but i can no longer access my account and i dont know what to do...will i still be able to include it on my dro...please answer asap as iv been sitting at this laptop for hours and i really need a break lol....thanks in advance xx

Yes, it should be added. It will probably appear on your credit report with a balance figure. If you cannot find reference/balance, your AI should write to the company using your form of authority.

fatbelly

scarlet55 wrote: »

thanks fatbelly, i sent off for a credit report from experian a couple of weeks ago but it wasnt on their, obviously i still want to include it as i dont want it to resurface and bite me on the bum so to speak...why do you think it wasnt on...could it be that i changed address....when i sent for it i did put my previous address down so maybe now it will be on..do you think i should send for another or let the cab do it ?

If you can just get your account number from somewhere, cab can get the balance. No idea why it wasn't on your file.

scarlet55 wrote: »

one more thing..as i havnt paid this catalogue for several months will it be classed as favouring my other creditors as i have continued to pay them ?

An example of a preferential payment could be when a debtor pays a creditor in full without paying his other creditors anything at all, thus placing one creditor in a far better position than the others.

you haven't done that so the answer is no.

Orville

scarlet55 wrote: »

oh god not looking forward to that, i know i will have to do it but the thought of them reading me the riot act down the phone for defaulting fills me with dread....i just dont know what to say to them....any ideas ?

I would tell them you are looking to get a loan to cover all your debts but you need an accurate amount from them. They will probably get you to setup some sort of payment plan or make an on the spot payment, just refuse and say you need the current balance for the loan.

wba31

joandkaz1 wrote: »

the dro is but income and expenditure hen you are part of a couple is hard to determine....when my dro was done they added all expenditures then divided by 2 and just used my income.

The insolvency service decided the other week though, that they only want the income and expenditure of the sole person doing the DRO. that means for couples that receive joint income we have to sit and work out the split, which is a pain...

wba31

scarlet55 wrote: »

hi, im really woried as i have just read somewhere on this thread that some-one was turned down for a dro cuz they have insurance to bury them....i have one of those axa insurance schemes i pay 10-00 a month but there is no cash in value, the only person it will benefit is my daughter when she comes to bury me, and iff i live another 20 years it wont even cover that...please tell me i dont have to surrender it after paying in for 5 years, as i said it is of no value to me....help PLEASE!!!!!!!!!!

I have never heard of a DRO being revoked for a policy that only pays up on death from where i work, so i would chat with your advisor on Thursday.

The forms do not ask for details of any life insurance policies, only the payment in the budget

istanbul_2

is it possible to apply for social fund loan while under a dro?
been told i can apply for £400 what procedure is required so my dro isnt affected

Orville

istanbul wrote: »

is it possible to apply for social fund loan while under a dro?
been told i can apply for £400 what procedure is required so my dro isnt affected

You can apply for a loan for under £500 and not have to inform whomever you are subject to a dro. Anything over £500 you can still apply but you then have to tell them you are subject to a DRO.

immoral_angeluk

wba31 wrote: »

The insolvency service decided the other week though, that they only want the income and expenditure of the sole person doing the DRO. that means for couples that receive joint income we have to sit and work out the split, which is a pain...

Do you have a source for this as I've not seen any emails from the DRO unit or CIT-A?

fatbelly

immoral_angeluk wrote: »

Do you have a source for this as I've not seen any emails from the DRO unit or CIT-A?

It gets a mention on page 1 of the latest newsletter

http://www.i-m-a.org.uk/pdfs/dro-newsletter-02-2011.pdf

but I think there's a fuller version somewhere.