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DAS/DPP - F&R test - anyone been here?
AdviceSought
Posts: 205 Forumite
Anyone any experience of this part? That's me now officially awaiting this.
15 creditors, approx 11.7k debts, 16 installments proposed.
7 of the creditors actually responded. Six accepted, including one that makes up the biggest % (roughly 1/3 is owed to them).
The one which rejected is worth about 1.5% of the total.
All others didn't respond, so have been deemed to have accepted.
How long does the process take? I note on the DAS website, it says the F&R test has to take into account criteria such as:
"the extent to which the creditors have consented"
Does that mean the fact only one rejected goes in my favour? I'd like to think so. Especially as they are the 2nd smallest creditor in terms of value.
How long does this part of the process usually take?
15 creditors, approx 11.7k debts, 16 installments proposed.
7 of the creditors actually responded. Six accepted, including one that makes up the biggest % (roughly 1/3 is owed to them).
The one which rejected is worth about 1.5% of the total.
All others didn't respond, so have been deemed to have accepted.
How long does the process take? I note on the DAS website, it says the F&R test has to take into account criteria such as:
"the extent to which the creditors have consented"
Does that mean the fact only one rejected goes in my favour? I'd like to think so. Especially as they are the 2nd smallest creditor in terms of value.
How long does this part of the process usually take?
0
Comments
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You'd be best ringing National Debtline (Scotland) as a DAS is a Scottish debt solution I am not over familiar with unfortunately.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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