The Debt Free Roll Of Honour

Dizzycap

@ MissPennySave - CONGRATULATIONS! That's absolutely AWESOME! 

Dma76

The date of your lightbulb moment:

Approx September 2024, at first tried to DMP due to having a slary sacrife car (I'll go into that for anyone in the same boat in the pearl of wisdom section) , then was recommended an IVA (This was bad advice) but eventually completed a DRO.

Debts at their highest:

£37892

Debt-Free Date:

28/03/26

Your one perl of wisdom:

I found myself in the position where I didn't have a mortgage, nothing of any value but had just taken on a salary sacrifice car because I required transport for the nature of my job and had no spare cash to get a car. After speaking to a nice gentleman at Money Wellness he pointed out Stepchange, who had previously sent me down an IVA route due to said vehicle were completely wrong. It transpires there is a section in the DRO guidance stating that if the vehicle is required for work it is allowed. If anyone else finds themselves in the same position please check this guidance:

https://www.gov.uk/guidance/debt-relief-orders-guidance-for-debt-advisers#salary-sacrifice--leased-vehicle