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Self employed on DRO
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JonahTeale
Posts: 1 Newbie
in IVA & DRO
Hi
I'm self-employed with a fluctuating income. The nature of my business is extremely precarious. I am struggling with £8000 of credit card debt and have looked into a DRO.
My question is what happens if my circumstances change? How will it effect the DRO if my business starts picking up?
At the moment I fall into to the strict guidlines.
I'm self-employed with a fluctuating income. The nature of my business is extremely precarious. I am struggling with £8000 of credit card debt and have looked into a DRO.
My question is what happens if my circumstances change? How will it effect the DRO if my business starts picking up?
At the moment I fall into to the strict guidlines.
0
Comments
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If you have an increase in income that would put your disposable income above £50 pm then your DRO would be at risk.
You would need to discuss this with your intermediary before you applied.
DDDebt 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 ***0
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