Debt relief orders

Tinytim · 28 October 2009 at 3:54PM

Hi Tracey,

Generally, you would have had to have completed a minimum of two years service to get any preserved benefits. However, it is worth a phone call just to check

TRACEY6101 · 28 October 2009 at 5:26PM

Tinytim wrote: »

Hi Tracey,

Generally, you would have had to have completed a minimum of two years service to get any preserved benefits. However, it is worth a phone call just to check

Ive moved several times since taking this out it was for only while i worked at sainsburys and was told if i left it would be closed or i would have to transfer it. It was a stakeholder pension, to be honest i havent a clue when it comes to pensions.

Will see if i can remember who it was with and call them

Thanks

CCCS_Sarah · 28 October 2009 at 5:47PM

TRACEY6101 wrote: »

Hello this is my first post on here, hope its in the right place.

I currently, well its being cancelled now but had a DMP with CCCS and i was struggling to make the payments as twice now my income has come down. I sent budgeting letters to each creditor and one got in touch with me and suggested i visited CAB.

I am now currently applying for a DRO. I have been made aware of all the pitfalls and upsides of this and im happy to go ahead that is till this morning.

I called the CCCS and informed them of what was happening and to say the least the woman i spoke to wasnt very understanding of my situation, but then said she doesnt think i would be approved because of my age and working life left. Now i dont know if this is right.

I qualify for the DRO i have completed the forms and had £50 or less, debts under £15k, have no assets over £300 etc .

I cant see as im 28 why this would make a difference? I am a single parent and a few years back wasnt in this position. My daughter wont be starting school for over a year yet. So if i started work the cost implications and benefit losses i'd still be in the same boat.

Does anyone maybe in a similar position have one or know if there is any truth in this?

Thanks Tracey

Hi Tracey

There are no age restrictions on a DRO. Would it be possible send for you to send me a PM with your client reference number so that we can look into this for you.

Sarah

fatbelly · 28 October 2009 at 11:28PM

debt_doctor wrote: »

Our office has done about 70 DRO's, out of that all but two were approved. One was not approved because a £250 unknown debt on their experian report put them over the 15k threshold, ( experian is always checked so get your report and see if it is correct, it was an error by o2 in this clients case but client still lost £90 and had to pay again)

We have done around 30 - all approved so far.

I agree - always check Experian

TRACEY6101 · 29 October 2009 at 3:07PM

Im sure im under the 15k mark as i have just under 13k debts and i dont think i could miss 2k's worth of debt but you never know! Ive spoken with my CAB advisor this morning and she said that i was told rubbish and if i didn't want to go through with it i didnt have to but i meet all the criteria basicly just waiting for the check to come back ok.

Im still worried about this pension business though. It wouldnt make a difference to my income i wouldn't be able to cash it in and im sure i only paid in to it for 6 months nearly 10 years ago at about 20 per month. Do you think this could be traced? Searched all paper work and i have no records of it.

Thanks

mazzatee · 29 October 2009 at 3:26PM

Hi Tracy

We have done 445 applications in the 1st 4 months and only 1 refused!

Re checking pensions you can ring HMRC Pension Tracing Service on 0845-600-2537 who will advise you whether you have paid into a scheme. If you have then ring HMRC contracted-out pension section on 0845-915-0150 and they will tell you who it is with.

Hope this helps and do go ahead with a DRO if that's your best option and dont worry what others say.

SouthCoast · 29 October 2009 at 3:31PM

And more from The Pensions Advisory Service:

http://www.pensionsadvisoryservice.org.uk/media/82796/whereismypension-april2005.pdf

TRACEY6101 · 29 October 2009 at 6:20PM

Thanks i will give them a call tomorrow, im sure it will be worth nothing but best check. When is states you have no assets over £300 does that mean items over £300 or collectively everything i own? Not that i have anything of value just checking.