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Soa - dmp, dro?
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2ndTimeAround wrote: »So far we haven't missed any payments but will do at the end of the month.
I'm worried we'll be in trouble because when hubby inherited £2.5k last autumn we used £500 to clear his Argos card. The theory was if we paid off the smallest debt we could use that monthly payment to help clear other debts a little quicker, but it didn't work out. The rest was mostly used on plugging the income gap to help us stay on top of the debt payments
You are not unique in attempting to deal with your debts, most will try various things before admitting defeat, the insolvency service know this, they are well aware of the well trodden path that eventually leads to insolvency.
They have seen it all before, and it’s mostly normal behaviour, so should not have any effect on the DRO application.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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