NEWBIE help - considering a DRO :(

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I am new to the site and this is my first post, i have done a lot of reading and some really useful information

I am considering going for a DRO, i have debts that are less than £15k and dont have much disposable income

What i wanted to ask is that i am full time employed but work on commission with a basic pay, some months i make no commission and take home just the basic, how does this work? what do i put down as my salary? Will they ask for wage slips?

Also i live with family and pay them board which includes food as well, will this be classes as rent? do i need to provide proof oh this?

really lost and confused and stressed :(
any help is much appreciated

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  • fatbelly
    fatbelly Posts: 20,659 Forumite
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    What is the difference (in £) between a month when your income is just the basic and one where you get commission ?
  • asus_help
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    can be £200, but its not every month i make commission, any advice?
  • dino66uk
    dino66uk Posts: 12 Forumite
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    asus_help wrote: »
    I am considering going for a DRO, i have debts that are less than £15k and dont have much disposable income

    What i wanted to ask is that i am full time employed but work on commission with a basic pay, some months i make no commission and take home just the basic, how does this work? what do i put down as my salary? Will they ask for wage slips?

    Also i live with family and pay them board which includes food as well, will this be classes as rent? do i need to provide proof oh this?

    really lost and confused and stressed :(
    any help is much appreciated

    I have almost completed my DRO, it takes a year for the debt to be completley wiped off.

    In my situation the insolvency service did not ask for a wage slip every month.

    The best advice i can give you is to go down your local Citizens advice bureau and speak to someone there as they really do know how to point you in the right direction and apply for you on your behalf.

    You need all the relevant documents , it does cost £90 for a DRO.

    You wont need to provide proof about how much rent you pay to your family.
  • asus_help
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    dino66uk wrote: »
    I have almost completed my DRO, it takes a year for the debt to be completley wiped off.

    In my situation the insolvency service did not ask for a wage slip every month.

    The best advice i can give you is to go down your local Citizens advice bureau and speak to someone there as they really do know how to point you in the right direction and apply for you on your behalf.

    You need all the relevant documents , it does cost £90 for a DRO.

    You wont need to provide proof about how much rent you pay to your family.

    thanks for the reply,

    What documentation is required?
    Did you provide any wage slips at all?

    I will go to the advice bureau and hopefully they can help me out
  • dino66uk
    dino66uk Posts: 12 Forumite
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    asus_help wrote: »
    thanks for the reply,

    What documentation is required?
    Did you provide any wage slips at all?

    I will go to the advice bureau and hopefully they can help me out

    Documentation: Letters of your Debts owed, a few wage slips, experian credit report (it costs just £2 for this)

    You need to write down all of your Incomes and Expenses.

    Income: your wage, assets.

    Expenses: rent, car insurance and petrol, food, electricity,gas, bills, tv license, water rates etc

    When applying for a DRO you must not have more than £50 left from your budget for you to qualify.

    I went to the Citizens advice bureau and they pretty much did everything for me.

    Good Luck!
  • sillymoo2012
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    dino66uk wrote: »

    In my situation the insolvency service did not ask for a wage slip every month.

    Have they contacted you at all?
  • fatbelly
    fatbelly Posts: 20,659 Forumite
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    asus_help wrote: »
    thanks for the reply,

    I will go to the advice bureau and hopefully they can help me out

    That's probably best - you need to link with a DRO intermediary. The legislation is set up around a monthly income cycle but in your case an annual one would be more appropriate.

    I haven't had a case like yours so I'm not sure if that's do-able.

    The Intermediary will need to see wage slips.
  • asus_help
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    dino66uk wrote: »
    Documentation: Letters of your Debts owed, a few wage slips, experian credit report (it costs just £2 for this)

    You need to write down all of your Incomes and Expenses.

    Income: your wage, assets.

    Expenses: rent, car insurance and petrol, food, electricity,gas, bills, tv license, water rates etc

    When applying for a DRO you must not have more than £50 left from your budget for you to qualify.

    I went to the Citizens advice bureau and they pretty much did everything for me.

    Good Luck!

    I get my wage slips online, do you think print outs would be ok as documentation?
    fatbelly wrote: »
    That's probably best - you need to link with a DRO intermediary. The legislation is set up around a monthly income cycle but in your case an annual one would be more appropriate.

    I haven't had a case like yours so I'm not sure if that's do-able.

    The Intermediary will need to see wage slips.

    If i cannot be accepted for a DRO due to the commission i could earn what are the other options? Bankruptcy?
  • dino66uk
    dino66uk Posts: 12 Forumite
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    Have they contacted you at all?

    I have only received letters of approval for the DRO but since then they have not contacted me at all.
  • fatbelly
    fatbelly Posts: 20,659 Forumite
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    asus_help wrote: »
    I get my wage slips online, do you think print outs would be ok as documentation?

    Yes

    If i cannot be accepted for a DRO due to the commission i could earn what are the other options? Bankruptcy?

    The DRO system is set up so that debt advice is part of the process. The Intermediary will be a qualified adviser who does DROs as part of their job. I guess for me, about 1 in 3 of my clients end up with a DRO. Bankruptcy is an option, as is a debt management plan, maybe others. Your adviser will take details of income, expenditure and debts.

    I don't rule out a DRO completely.
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