Debt Relief Orders (DRO) - Information & help thread

Keeping_Positive

OH had the final call from cccs yesterday. I sent the completed DRO forms to them on th 2nd Dec . So far I dont think things have moved but cccs said he has 2 ccjs not one well I dont remember any paperwork for that, The thing is what ever they charge as long as it donet go above the 15k then no worries. We/he has to check the final figures when we get the papaerwork through then pay the 90 so hopefully nearing the end.

The calls are a pain no even for me but so annoying to run to get the phone only for it to be one of them!

Stardust

Thanks Keeping Positive

JuicyLou

I've been reading about the restrictions placed on people with a DRO (like not becoming director of a limited company etc), but I'm not sure how long they last. Is it just for the year while the DRO is being sorted, or is it for the 6 years it stays on your credit file, or even longer?
Any help appreciated. Thanks.

fatbelly

JuicyLou wrote: »

I've been reading about the restrictions placed on people with a DRO (like not becoming director of a limited company etc), but I'm not sure how long they last. Is it just for the year while the DRO is being sorted, or is it for the 6 years it stays on your credit file, or even longer?
Any help appreciated. Thanks.

These restrictions last until discharge - generally just one year but could be longer in some circumstances

cupcake83

Keeping_Positive wrote: »

OH had the final call from cccs yesterday. I sent the completed DRO forms to them on th 2nd Dec . So far I dont think things have moved but cccs said he has 2 ccjs not one well I dont remember any paperwork for that, The thing is what ever they charge as long as it donet go above the 15k then no worries. We/he has to check the final figures when we get the papaerwork through then pay the 90 so hopefully nearing the end.

The calls are a pain no even for me but so annoying to run to get the phone only for it to be one of them!

Hopefully won't be too much longer.

cupcake83

YorkshireBorn wrote: »

Just another question (sorry) for anyone who might know the answer, with the DRO I know it ends after the 12 months and then it on credit file for 6 more years after that (I think this is correct) how bad will this affect me? things should pick up for myself (Im 22 now) job wise, I'm just thinking how this will affect things people take for granted like mortages, car loans etc... in the years to come.

Thanks again YB

For the 6 years that the DRO will be on your credit file (from date of DRO) you will find it difficult to obtain credit, if you are able to get credit be prepared for high interest rates. With regards to a mortgage you may find that you will need a large deposit to put down and high rates.

debrag

what are the limits for 2 people for:

Food/household
Gas
Electric
Holiday/emergency
Insurance
Phone
Internet (I study with the OU)

sarah1773

Hi, hope someone can help as I cannot find anyone in the same situation! I am waiting for my DRO paperwork to be processed - could be another 4 weeks as it is so busy, it has already been 6 weeks.

However, I want to move out away from my husband and stay with my mother as my husband is very abusive physically, mentally and emotionally to me and I have a 3 year old son. All the debts are in my name (even though he built them up - stupid me).

I am worried that I will have to start the process all over again as my address will have changed and I will be on different benefits, although my surplus will still not go over £50 a month. I am mostly worried because I don't want my mother to have to deal with creditors harassing me at her address while I am waiting for the DRO to be processed.

Does anybody know whether I will have to start the process all over again or will I be allowed to change my details without having to?

And what would happen if I get the call saying my DRO application is ready but I am in-between changing my benefits (as they can take a couple of weeks to sort out) and I haven't got any proof of my new benefit yet?

Thank so much

in_debt24

Hi all,

I have £13,000 unsecured debt and would like to apply for a DRO. Here's my SOA- Please tell me what you think (i.e are any of the numbers too high and likley to be rejected?)

According to this i have only £17/month surplus which meets the criteria for DRO (along with havign no assetts and owing less than £15k)

Thankyou!

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned....................
Monthly Income Details
Monthly income after tax................ 1248
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1248
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 660 (1 bed flat in london!!!)
Management charge (leasehold property).. 0
Council tax............................. 85
Electricity............................. 16
Gas..................................... 20
Oil..................................... 0
Water rates............................. 0 (Included in rent)
Telephone (land line)................... 12
Mobile phone............................ 25
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 25
Groceries etc. ......................... 150
Clothing................................ 10
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 169 (zone 1-5 travelcard)
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 7
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 5
Haircuts................................ 10
Entertainment........................... 15
Holiday................................. 0
Emergency fund.......................... 10
Total monthly expenses.................. 1231

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 0

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly.. .APR

Total unsecured debts: £13,000


Monthly Budget Summary
Total monthly income.................... 1,248
Expenses (including HP & secured debts). 1,231
Available for debt repayments........... 17
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 17
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

YorkshireBorn_2

Hey, sounds like you would be able to get one. Best thing I can say is call your local citizens advice bereau, they are very good and explain everything out in detail and do it all in a non judgmental way.