Debt and renting help!

Welshie13

fatbelly wrote: »

HP is a bit of an oddity in DROs. If you are not in arrears with payments to the HP, you can exclude it from the DRO so that it does not appear as a debt (your intermediary needs to add a note as it will show up on the Experian report)

As the vehicle is worth more than £1k you would not be allowed to make payments to it. But a third party (your dad?) would, and the HP company wouldn't be bothered as long as they were being paid.

As long as the HP did not complete during the moratorium, then at no point would you be the owner of the car.

Hi Fatbelly,

You seem to know your stuff! Do you know if someone is able to rent from the council/housing association if they are in a DMP?

Thanks.

fatbelly

Welshie13 wrote: »

Hi Fatbelly,

You seem to know your stuff! Do you know if someone is able to rent from the council/housing association if they are in a DMP?

Thanks.

Thanks. My expertise is in DROs rather than DMPs. But there should be no credit check for council and HA letting. So neither DRO/DMP should have any effect.

Different in the private sector, though, and council/HA properties are in short supply.