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Considering DRO

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julie237
julie237 Posts: 25 Forumite
Part of the Furniture Combo Breaker
in IVA & DRO
I have been to clac today who have suggested a DRO for some credit card debts i have been paying off for 6yrs.
I would like to know how the £50 a month disposable income is checked up on. Do they check your bank accounts etc?

Thanks

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  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    They don't check your bank accounts.

    You would have a legal duty to disclose you income/expenditure during the application and provide supporting evidence. You would also have a legal duty to notify the Official Receiver of any increase in income and change of circumstances during the DRO.
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
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