Debt Relief Orders (DRO) - Information & help thread

fatbelly

Piggywinkle wrote: »

Thanks fatbelly, I'll do that. I did my DRO through StepChange so I'm not sure if that makes a difference, but yes - it is on the insolvency register.

Cheers

It shouldn't make a difference - the DRO unit send the notice direct to you at the address on the DRO. They won't even send the Intermediary a copy of it.

zodiac

Orville wrote: »

First off do you still have the account details etc of the ones showing in default..? You need to fist clean up your file when the term ends. (A bit more work but then it's done).

You'll need your Debtors Notice I think it is. Make a few copies so you can send one to each company you still have defaults showing with. Explain the date it was granted and notify them the discharge date has passed (refering them to the copy) and these defaults now need to be wiped from your credit file.

Thank you for your help :beer:

I have a pdf copy of the email sent to CCCS from the Insolvency Service

THE INSOLVENCY ACT 1986 RE: zodiac - Debt Relief Order No: DRO******

I refer to the Debt Relief Order application No 1***** in respect of zodiac.
I can confirm that the Official Receiver has approved this application and the Debtor has been notified accordingly.

Would this be what I need to send out with the letter requesting they are wiped from my credit file? I didn't receive any other documents from the IS after this email.

And two are with the same bank, would I need to send two letters or just add both account details on the top of the same letter?


Edited to add:

I found this thread this morning. Have edited for my own details. Hopefully I can get this on its way to be sorted now.

System

So I'm ready to go with my forms and income and expenditure, proof of payments etc. My only issue is creditor info. I have a lot of relatively small debts with many different creditors. This complicates things because a lot of the debts seem to have been sold on, sometimes more than twice. Now I'm prepared to contact each one individually but I'm aware it's going to slow down the process. On this forum and on others on the web some people imply that simply a letter from me stating the debts is satisfactory and my intermediary (Stepchange) will check my credit info. If this is the case im good to go right away but again, the last thing I want to do is delay things. Can someone give me some advice please? Thank you!

fatbelly

zodiac wrote: »

Thank you for your help :beer:

I have a pdf copy of the email sent to CCCS from the Insolvency Service

Would this be what I need to send out with the letter requesting they are wiped from my credit file? I didn't receive any other documents from the IS after this email.

And two are with the same bank, would I need to send two letters or just add both account details on the top of the same letter?

Edited to add:

I found this thread this morning. Have edited for my own details. Hopefully I can get this on its way to be sorted now.

The email may be enough - if not, ask the DRO Unit for another copy of your Debtors Notice.

What you are asking for is:

• It is required that you record a default on the account, and that the default entry must be no later than <Date of your DRO>, in accordance with the Data Protection Act.
  
• It is required that you mark the account in some way as to indicate that it is settled or satisfied, in accordance with the Data Protection Act.

If the CRA entries are both being made by the same bank, one letter should suffice.

fatbelly

bobbylou82 wrote: »

So I'm ready to go with my forms and income and expenditure, proof of payments etc. My only issue is creditor info. I have a lot of relatively small debts with many different creditors. This complicates things because a lot of the debts seem to have been sold on, sometimes more than twice. Now I'm prepared to contact each one individually but I'm aware it's going to slow down the process. On this forum and on others on the web some people imply that simply a letter from me stating the debts is satisfactory and my intermediary (Stepchange) will check my credit info. If this is the case im good to go right away but again, the last thing I want to do is delay things. Can someone give me some advice please? Thank you!

The more accurate the info is, the better. You could do a £2 statutory report with Experian, then just contact the ones that don't appear.

It's true that they will work with what you declare, and have to do a credit check as part of the process.

The problem is that, unlike with bankruptcy, in a DRO it is only the debts listed at the amounts listed that are written off. There's a little flexibility with the balance figures but if you miss a debt completely, you remain liable for it.

zodiac

Since I sent those letters i'm now down to 2 accounts still showing default, I haven't been asked for any further information than the email confirming the DRO.

I'm quite excited that I may get a contactless card by the summer now

Shellisland

Hi
Just wondering for the people who have done/going through a dro is there anyone who's partner is unaware of the dro/debts they have? My partner has no idea to the extent my debts are at or that I'm considering a dro? I'm up to date with payments on my debts currently and was wondering once a dro has been processed do you still receive letters from the creditors you owe money to during the the 1 year before it officially gone through and after this date. Thanks

Erin35

Hi Shellisland.
Creditors are allowed to send balances during the moratorium period, but no demands for payment. So you will get letters from creditors. Have you considered your visibility on the insolvency register?

Pickles112

Hiya
I've joined this site hoping for a bit of help. I have a meeting on Wednesday at CAB hoping to go for a DRO. But I'm panicking I won't be excepted. I've been doing a lot a research but can't find any answers to my questions. I'm currently in £9000 worth of debt (credit cards, a loan, catalogue, overdraft) and can't afford to pay them anymore as my partner started a new job last year and had to go to an apprentice level so money is a bit pants and I'm only part time as we've got 2 young children.
I currently have a £750 overdraft which now my wages and tax credits rarely get me out of it so I live in my overdraft so am I classed of having any disposable income? I've sat down and worked all income and outgoings and wonder how we do live as we have more outgoings then income. the only benefits we get is tax creds & child benefit. So when my partner changed jobs we got ourselves in to rent arrears too which we are currently paying extra on top of our rent. We have nothing that's worth anything. And no car worth over £1000. Over the last year I've stopped paying debts one by one but some I'm still paying because my store card is with my work so I can buy uniform (only way I can). Loan as it's with my bank and will take it anyway
& barclaycard as the funds are available within 2 hours so I pay with my food money and 2 hours later go and buy my food shop (hope that makes sense) but I have to cut down on food shop & esentials to cover these. Any advice/help would be great. Thank you.

fatbelly

Pickles - your intermediary will do the sums and if he/she thinks your best option is a DRO, they will tell you. If, for some reason, they think another strategy would be better, they will tell you and you can have a chat about it.

I work as a DRO intermediary and specialist debt adviser for the CAB and, from what you've said, I think you & I would be discussing a DRO.