Debt Relief Orders (DRO) - Information & help thread

elfieb

jonnyjackov wrote: »

Hi, having finally read this thread all the way through, I was just wondering if there is a preferred company to do a DRO with.

Having spoken to the Citizens advice, I got the felling it would take a long time to get an appointment with them.

Who have other people used, and is there anyway of doing it over the phone, or does it have to be in person.

Thank you in advance.

Oh and forgot to add, apart from CAB, all other applications are done over the phone.

Trollfever

jonnyjackov wrote: »

Hi, having finally read this thread all the way through, I was just wondering if there is a preferred company to do a DRO with.

Having spoken to the Citizens advice, I got the felling it would take a long time to get an appointment with them.

Who have other people used, and is there anyway of doing it over the phone, or does it have to be in person.

Thank you in advance.

I have been told that some intermediaries have long waiting lists. You may like to make some phone calls:

http://www.insolvency.gov.uk/bankruptcy/DRO/auth.htm

jonnyjackov

Thank for the advice, may try Baines and Ernst for speed, as I'm just about to be no longer able to pay any direct debits. Have not defaulted on any payments so far, but am using an overdraft to live on. I am currently unable to work.

Maybe I should contact my credit card companies and tell them I can't pay at the moment.

elfieb

jonnyjackov wrote: »

Thank for the advice, may try Baines and Ernst for speed, as I'm just about to be no longer able to pay any direct debits. Have not defaulted on any payments so far, but am using an overdraft to live on. I am currently unable to work.

Maybe I should contact my credit card companies and tell them I can't pay at the moment.

If you are sure a DRO is the way forward, I wouldnt contact any of your creditors before hand. They will very often step up the pressure in a vain attempt to claw back some money before the DRO kicks in.

However if you are looking at other options too, it might be worth trying to arrange token payments with your creditors whilst you are out of work. Sometimes works, sometimes doesnt, but worth a try, and shows willing to pay your debts back.

jonnyjackov

Thank you, will give it some thought. I think a dro is the only option for me now.

Anyone know roughly how long it takes after you have applied. Thinking of trying Baines and Ernst.

Thanks again

Rainbow_Liberty

jonnyjackov wrote: »

Thank for the advice, may try Baines and Ernst for speed, as I'm just about to be no longer able to pay any direct debits. Have not defaulted on any payments so far, but am using an overdraft to live on. I am currently unable to work.

Maybe I should contact my credit card companies and tell them I can't pay at the moment.

I'm sure that no matter which company you use you will end up paying more as they will take some kind of fee, usually a big one.

The only proper ones to help for free at the Debt Councellors, Consumer Credit Councelling Service and CBA. I'm sure other MSE members will tell you the same.

elfieb

mheymans wrote: »

I'm sure that no matter which company you use you will end up paying more as they will take some kind of fee, usually a big one.

The only proper ones to help for free at the Debt Councellors, Consumer Credit Councelling Service and CBA. I'm sure other MSE members will tell you the same.

Inaccurate.

All DRO intermediarys take a fee of £90.

elfieb

jonnyjackov wrote: »

Thank you, will give it some thought. I think a dro is the only option for me now.

Anyone know roughly how long it takes after you have applied. Thinking of trying Baines and Ernst.

Thanks again

Through B&E, they process you application over the phone, either post or email you a barcode to pay your £90 fee, and then send over application to IS after payment of fee.

You are looking about 2 days from start of application to decision.

fatbelly

elfieb wrote: »

Inaccurate.

All DRO intermediarys take a fee of £90.

The fee is paid to the insolvency service through the Post Office or Payzone by the debtor. The barcode used for this is supplied to the debtor by the intermediary. The intermediary does not handle the fee and does not receive any of it.

fatbelly

Th full current list of competent authorities is here:

http://www.insolvency.gov.uk/bankruptcy/DRO/auth.htm