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Debt Relief Orders (DRO) - Information & help thread
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Good luck with it!0
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Hi all
I am hoping you wonderful people can help me! I have an appt with a CAB debt advisor next week, after being referred there by the standard CAB advisor. I am hoping he will suggest a DRO, so I have done my SOA, and would just appreciate it if you could look it over and see if it is OK?
1 Adult, 1 Child, 1 Car
Income = 617.50 (not incl HB & CTB)
Rent = 0 - HB
Council Tax = 0 - CTB
Gas & Electricity = 94.00
Water = 35.56
TV Licence = 12.37
Land line = 15.10
Sky TV = 21.50
Mobile Phone = 20.00
Car Insurance = 45.00
Home Insurance = 0.00
Pet Care = 20.00
Groceries = 250.00
Clothing = 20.00
Car Tax/Maintenance = 15.00
Petrol = 20.00
Birthdays/Christmas = 10.00
Pocket money/leisure = 20.00
Internet = 20.00
Total = 618.53
Income - Outgoings = minus £1.03 :eek:
ETA - I bought my car (2001 micra) for £1300 2 yrs ago, but since then have managed to get a dent, and the passenger window and radio don't work! The upholstery has also been thoroughly wrecked by dog hairs/child spilling sticky stuff everywhere!
I looked on Parkers and would have to pay to get a valuation, but a similar age/model was approx £500 private poor condition. Personally I think my wee banger is only worth £300 tops! Only assests are £10 premium bonds :rotfl:
All unsecured debts, around the £5k mark, with one CCJ for just over £1k0 -
thanks scarlet:D
Would value a few other opinions too if poss (no offence scarlet btw!)I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve.
RIP POOCH 5/09/94 - 17/09/070 -
I think that maybe a D.R.O. is too drastic as you don't owe all that much...dont worry about it, wait until you see the C.A.B. person..or , if you want to have a look at the alternatives go onto C.C.C.s and do a debt remedy , it is free and will show you onscreen what is right for you, you may get more than one option re. how to get ion top of al this.0
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thanks scarlet:D
Would value a few other opinions too if poss (no offence scarlet btw!)0 -
Hi to anyone reading! I appreciate my newbie status (through lack of posts as opposed to age of account), but I hope I can ask a quick question regarding DROs.
I'm about to apply for one and I'm currently on Income Support as I'm signed off from working on medical grounds. I'm hoping to be back to work inside of a year (before the year's end if possible) and I'm wondering how things tend to work if I do? I've read that if my circumstances improve, the DRO will be ended (is that right) and I'll be expected to start repaying my creditors.
If this is the case, then am I in essence taking a massive whack on my already poor credit record, merely to get my creditors off my back until such a time as I'm working again? I'm a little uncertain as to how this all works, and while I'm at present not in a position to offer my creditors any reasonable amount, I presume I would be when I return to work (full-time). I imagine I'll only be in the running for low-income jobs initially, I intend to start career building a bit further down the line once I'm back into the swing of working life.
Any information that someone could offer would be greatly appreciated, as I don't necessarily want to go through with it if it's going to have such a detrimental effect, only to then put me back where I am now when I have slightly more money coming in!!!0 -
dannyb0yuk wrote: »Hi to anyone reading! I appreciate my newbie status (through lack of posts as opposed to age of account), but I hope I can ask a quick question regarding DROs.
I'm about to apply for one and I'm currently on Income Support as I'm signed off from working on medical grounds. I'm hoping to be back to work inside of a year (before the year's end if possible) and I'm wondering how things tend to work if I do? I've read that if my circumstances improve, the DRO will be ended (is that right) and I'll be expected to start repaying my creditors.
If this is the case, then am I in essence taking a massive whack on my already poor credit record, merely to get my creditors off my back until such a time as I'm working again? I'm a little uncertain as to how this all works, and while I'm at present not in a position to offer my creditors any reasonable amount, I presume I would be when I return to work (full-time). I imagine I'll only be in the running for low-income jobs initially, I intend to start career building a bit further down the line once I'm back into the swing of working life.
Any information that someone could offer would be greatly appreciated, as I don't necessarily want to go through with it if it's going to have such a detrimental effect, only to then put me back where I am now when I have slightly more money coming in!!!0 -
sarbaz2007 wrote: »Hi Guys, As you might recall i went through CCCS and i can only say the service they provide is excellent and extremely fast turnover.
Got approved on thursday paid fee on monday and i just checked an i am on the insolvency website register:j:beer::j. I have yet to receive any letter confirmation but does that mean i have been accepted?
I am so happy its finally over i can only recommend that you do it through CCCS as it so hassle free and though i talked to a different person each time, all wanted to help.
I want to thank all you guys/gals here were your help as this was invaluable specially broken spirit, wba31 and fatbelly.:A
Just one last thing i think my tax credits will increase about £10 this year do i need to inform anyone, i still am well within the £50 threshold?
Hi Sarbaz, I just wantd 2 say congratulations........bit late in the day............pc problems............lol. I'm so pleased it all turned out well 4 u.
Just an update on my own DRO circumstances, I'm now in2 week 11 of my forms been submitted 2 NDL...............& I'm still waiting!!!!!!!!I am a Leo...& as such I will defend my "pride" ferociously....you have been warned!0 -
thanks scarlet:D
Would value a few other opinions too if poss (no offence scarlet btw!)
Hi tankgirl, Im currently in the process of applying 4 my own DRO, my debts total no more than 7.5K (which is more than enough) But i cannot maintain my payments. I 2 am on benefits & a DRO was my only option, I took advice...........but i knew i couldnt manage any other way. I went with NDL & as u will see above I have been waiting more than 11 weeks 4 my application 2 be looked at by an AI. Take advice by all means, it's the sensible way 2 go & obviosly u will need the help of 1 of the charitable organisations should u wish 2 proceed, but make sure whatever u choose 2 do is the correct option 4 u. Good luck with itI am a Leo...& as such I will defend my "pride" ferociously....you have been warned!0 -
Hi all
I am hoping you wonderful people can help me! I have an appt with a CAB debt advisor next week, after being referred there by the standard CAB advisor. I am hoping he will suggest a DRO, so I have done my SOA, and would just appreciate it if you could look it over and see if it is OK?
1 Adult, 1 Child, 1 Car
Income = 617.50 (not incl HB & CTB)
Rent = 0 - HB
Council Tax = 0 - CTB
Gas & Electricity = 94.00
Water = 35.56
TV Licence = 12.37
Land line = 15.10
Sky TV = 21.50
Mobile Phone = 20.00
Car Insurance = 45.00
Home Insurance = 0.00
Pet Care = 20.00
Groceries = 250.00
Clothing = 20.00
Car Tax/Maintenance = 15.00
Petrol = 20.00
Birthdays/Christmas = 10.00
Pocket money/leisure = 20.00
Internet = 20.00
Total = 618.53
Income - Outgoings = minus £1.03 :eek:
ETA - I bought my car (2001 micra) for £1300 2 yrs ago, but since then have managed to get a dent, and the passenger window and radio don't work! The upholstery has also been thoroughly wrecked by dog hairs/child spilling sticky stuff everywhere!
I looked on Parkers and would have to pay to get a valuation, but a similar age/model was approx £500 private poor condition. Personally I think my wee banger is only worth £300 tops! Only assests are £10 premium bonds :rotfl:
All unsecured debts, around the £5k mark, with one CCJ for just over £1k
Think you are perfect for a DRO, I wouldnt change anything about your SOA or circs. The car value isnt an issue as it cannot be disproved for free, and it's only a Nissan Micra (I'm not dissing, i LOVE the Micra, my first 3 cars were Micra's but i loved each one too death... honest - 3 blown engines... oops!)
Get an appointment with CCCS, CAB or NDL and get some advice from them, but on the face of what you have posted here a DRO could be good for you0
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