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How do you guarantee you won't go over £50?
rupiereeves
Posts: 36 Forumite
in IVA & DRO
I am concerned about taking out a DRO as my wages change monthly. Some months I may have £55 surplus and the next month it could be £35. It depends as I get paid hourly. Is this taken into consideration? How strict are they on this issue? I wasn't sure if was calculated per month or as a whole over a period of say 3 months to give an accurate figure.
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Comments
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You can average the figure over whatever period you feel reflects your long term average.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
Moved to the DRO board.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
i would be looking to work out the average over 6 months, work out the budget from that.
during your DRO if your average wage changed I'd suggested updating figures, but if it remained roughly the same there'd be no issue0
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