can i apply for a social fund while im on a DRO

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ME24
ME24 Posts: 26 Forumite
hi hope someone can help im new to this!! I was given a DRO in aug 2011 can i apply for a social fund? Have i got to inform the IS before i accept an offer? Please can someone answer this for me.
Thanks

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  • wba31
    wba31 Posts: 2,189 Forumite
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    You can, however if the loan is more than £500 you have to inform the lender of the DRO.
    My question would be do you need the loan? I'm not judging or telling you not to do this, it's entirely your decision, however I would say unless it's really needed for an emergency, I would encourage you to save whatever you can for what you need.
  • ME24
    ME24 Posts: 26 Forumite
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    No its ok i totally understand where your coming from i have not had a answer back from them yet i just needed to know if i had to notify the IS. Thank you for anwering my question Happy Christmas!:santa2:
  • tankgirl1
    tankgirl1 Posts: 4,252 Forumite
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    Hi
    Yes you can - I got a budgeting loan of over £500 when I moved house (was for carpeting) - IS were fine with it :)
    I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve.

    RIP POOCH 5/09/94 - 17/09/07
  • tankgirl1
    tankgirl1 Posts: 4,252 Forumite
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    Doh! ETA - yes I had to inform IS that I was getting a social fund loan, and inform DWP that I was subject to a DRO.
    I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve.

    RIP POOCH 5/09/94 - 17/09/07
  • ME24
    ME24 Posts: 26 Forumite
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    Hi thanx do i have to inform both DWP and IS if loan is under £500!:)
  • debt_doctor
    debt_doctor Posts: 4,595 Forumite
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    ME24 wrote: »
    Hi thanx do i have to inform both DWP and IS if loan is under £500!:)
    Neither. If the loan request is over £500 then you must inform the lender (DWP).

    For a different reason the loan may give you a problem - if you hold a cash value asset of more than £300 during the moratoriun period then there is a possibility that the DRO could be revoked, as this is the 'other' asset limit.

    Safest bet is to borrow less than £300.

    DD
    Debt Doctor, Debt caseworker, Citizens' Advice Bureau .
    Impartial debt advice services: Citizens Advice Bureau Find your local CAB *** National Debtline - Tel: 0808 808 4000*** BSC No. 100 ***
  • ME24
    ME24 Posts: 26 Forumite
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    Hi DD,
    I have been offered £320, do you think its best if i contact IS just to make sure its ok before i reply back to DWP? I do not want my DRO to be revoked because of this! Any replys will be really appreciated thanx.:)
  • ME24
    ME24 Posts: 26 Forumite
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    Called IS today and they told me that whilst you are on a DRO you cannot have credit at all otherwise the DRO would be revoked, so just to let anyone know incase you were considering this glad i called now.:)
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