Debt Relief Orders (DRO) - Information & help thread

lauren_1

I have received a letter from cccs telling me that it will take 8 weeks to process which is ok but none of my creditors have accepted my token payment of £10 a month (thats £60 all together) i thought that was generous enough.

Also I am sailing close to the wind as each creditor is shoving every charge under the sun on to the amount, I have accrued £200 in one week! i only have £800 left now before they push me through the £15k barrier.

elfieb

lauren_1 wrote: »

I have received a letter from cccs telling me that it will take 8 weeks to process which is ok but none of my creditors have accepted my token payment of £10 a month (thats £60 all together) i thought that was generous enough.

Also I am sailing close to the wind as each creditor is shoving every charge under the sun on to the amount, I have accrued £200 in one week! i only have £800 left now before they push me through the £15k barrier.

Try contacting Baines and Ernst....they can usually process the DRO the same day.

Failing that, I believe the OR can discount charges that they believe have been added unfairly to tip you over the 15k limit. Cloudy area though, because most creditors will insist their charges are being added correctly:)

YorkshireBorn_2

Hi, was surpposed to go to sign some forms for the DRO tomorrow at 10am but I have a job induction (Did get interviewed for a differnt job but though id be more suited on this one which is more money YAY! so said yes for tomorrow).
I tried to call CAB office but couldn't get through and couldn't get to the office, if I ring them up will I be able to sign the forms a differnt day?

elfieb

YorkshireBorn wrote: »

Hi, was surpposed to go to sign some forms for the DRO tomorrow at 10am but I have a job induction (Did get interviewed for a differnt job but though id be more suited on this one which is more money YAY! so said yes for tomorrow).
I tried to call CAB office but couldn't get through and couldn't get to the office, if I ring them up will I be able to sign the forms a differnt day?

You should be able to yes.....

Have you ammended you SOA to ensure that the extra income with your new job (congratulations by the way), doesnt tip you over the £50 surplus for a DRO?

YorkshireBorn_2

elfieb wrote: »

You should be able to yes.....

Have you ammended you SOA to ensure that the extra income with your new job (congratulations by the way), doesnt tip you over the £50 surplus for a DRO?

Just checked it and becuase I shall have to travel to thier head office (extra 40 miles around trip each day) I will spend the money in petrol until I can move closer to my new job which may be a while

immoral_angeluk

elfieb wrote: »

Try contacting Baines and Ernst....they can usually process the DRO the same day.

Failing that, I believe the OR can discount charges that they believe have been added unfairly to tip you over the 15k limit. Cloudy area though, because most creditors will insist their charges are being added correctly:)

They won't be able to do it same day as it's now a requirement for intermediaries to do an Experian credit check before the application goes through, which can take up to 3 weeks to come back.

elfieb

immoral_angeluk wrote: »

They won't be able to do it same day as it's now a requirement for intermediaries to do an Experian credit check before the application goes through, which can take up to 3 weeks to come back.

I was unaware of that.....just using my own experience when applying for a DRO nearly 12 months ago

Looks like there is no way of a short cut now

immoral_angeluk

pugsley29 wrote: »

Wish they would hurry up and decide on the pension issue, student loans are ringing me nearly everyday chasing an overpayment and I cannot offer them anything as it would invalidate any possible future DRO showing favour to student loans etc

Do you realise student loans still have to be repaid post DRO?

immoral_angeluk

elfieb wrote: »

I was unaware of that.....just using my own experience when applying for a DRO nearly 12 months ago

Looks like there is no way of a short cut now

Has only recently become a 'must do'... the insolvency service do one too but we have to do a credit check first as it was common for DROs to be rejected when other debts came up on the report taking them over the 15k, and of course the £90 is nonrefundable..

elfieb

immoral_angeluk wrote: »

Has only recently become a 'must do'... the insolvency service do one too but we have to do a credit check first as it was common for DROs to be rejected when other debts came up on the report taking them over the 15k, and of course the £90 is nonrefundable..

Seeing as you are a person in the know..........:)

Any idea what happens at the end of moratorium?
Should I expect a letter, certificate of discharge of debts, anything like that?
I know I wont disapear from the IS website for 3 months after the end of the order, but just wondering if anything "official" takkes place??