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My potential DRO, help please
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stephy110288
Posts: 209 Forumite
in IVA & DRO
Hi,
ok heres my situation. i'm 22, a full time student, and in around £12,000 of unsecured debt.
I'm currently in a debt management plan which my partner helps me pay for until april when fingers crossed... they change the DRO rules with pensions. or at least decide when they will. obviously this isn't practical, but it helps me sleep at night and stops the phone calls and nasty letters.
if i did go for a DRO when it is available to me, will this go against me? because i have been making payments, but its been either from my student loan, and then my partner gives me money to live on, or he has paid it for me.
i'm also not paying him rent at the moment, as i stay at my mums three nights a week when i'm working late, but in april its all change as we're moving and i will be paying equal rent.
also would they even include my student loans/grants as income? as i apparently if i went for an IVA they would not.
another question is how will i prove that i pay half the rent as I wont be on the tenancy agreement because i'm a student and bad credit rating etc.
I will post my SOA on here, can you tell me if it will be appropriate for a DRO, as i dont want to get my hopes up if they change it in april and i'm still not elligable.
Income
Wages £150 (I can only work a few hours a week due to my uni workload)
Student Maintainence Grant £627 (£1760 every 3 months approx + £500 bursury a year)
Total £777
Outgoings
Rent £300
Council Tax £0 (Students are expempt)
Electricity £15
Gas £15
Water £15
TV License £6.00
Internet £13
Mobile Phone £40
Lanline £10
Groceries £200
Clothing £20
Transport £65 (this is the cost of my bus pass)
Medical £20 (I have three repeat percriptions that i need, and for some reason got told i wasn't elligable for the exemption card!!)
Haircuts £5
Entertainment £15 (this is for my DVD rental subscription, other than that i dont really let myself do much else- can get rid if needed)
Household Emergancy Fund £10
Total £749
Spare Expenditure towards debt £28
Never done one of these before and you guys are the experts so any advice will be much appreciated
ok heres my situation. i'm 22, a full time student, and in around £12,000 of unsecured debt.
I'm currently in a debt management plan which my partner helps me pay for until april when fingers crossed... they change the DRO rules with pensions. or at least decide when they will. obviously this isn't practical, but it helps me sleep at night and stops the phone calls and nasty letters.
if i did go for a DRO when it is available to me, will this go against me? because i have been making payments, but its been either from my student loan, and then my partner gives me money to live on, or he has paid it for me.
i'm also not paying him rent at the moment, as i stay at my mums three nights a week when i'm working late, but in april its all change as we're moving and i will be paying equal rent.
also would they even include my student loans/grants as income? as i apparently if i went for an IVA they would not.
another question is how will i prove that i pay half the rent as I wont be on the tenancy agreement because i'm a student and bad credit rating etc.
I will post my SOA on here, can you tell me if it will be appropriate for a DRO, as i dont want to get my hopes up if they change it in april and i'm still not elligable.
Income
Wages £150 (I can only work a few hours a week due to my uni workload)
Student Maintainence Grant £627 (£1760 every 3 months approx + £500 bursury a year)
Total £777
Outgoings
Rent £300
Council Tax £0 (Students are expempt)
Electricity £15
Gas £15
Water £15
TV License £6.00
Internet £13
Mobile Phone £40
Lanline £10
Groceries £200
Clothing £20
Transport £65 (this is the cost of my bus pass)
Medical £20 (I have three repeat percriptions that i need, and for some reason got told i wasn't elligable for the exemption card!!)
Haircuts £5
Entertainment £15 (this is for my DVD rental subscription, other than that i dont really let myself do much else- can get rid if needed)
Household Emergancy Fund £10
Total £749
Spare Expenditure towards debt £28
Never done one of these before and you guys are the experts so any advice will be much appreciated
0
Comments
-
There is a thread devoted to DRO`s at the top of the page, you will get more advice if you post your question there.:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0 -
thanks
ive moved it up there 0
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