Payment received during DRO

CurlySue2017

So I posted on the DFW board about my OH's situation and long story short, he was accepted for a DRO back in September.

Yesterday a letter landed on the mat from Lloyds (one of the creditors included in the DRO) and they have sent a cheque to my OH for £500 (or as near as dammit) which they say is for interest that was incorrectly charged before the debt was passed for collection.

We have contacted Stepchange to ask them what to do and they told us that this will not cause any issue with the DRO because the amount is under £1000 and therefore is an allowable asset. They said that he does not need to inform the Insolvency Service at all and can simply bank the cheque.

However he does have a car that was detailed in the DRO and as I understood it, the £1000 assets was TOTAL assets, not individual, so added to the car value the £501 will take him over £1000 worth of total assets.

Could anyone clarify what he should do please? We really do not want this to cause any problems with the DRO and would rather send the cheque back to them if it is going to cause hassle, because it is nowhere near close to being enough to clear his debts.

Many thanks in advance


ETA: I did make this clear to Stepchange on the phone and expressed my concern, but they insisted that it was not a problem.

I know that I should probably just accept what they tell me, but this whole situation has got me very paranoid that they may be trying to stitch him up (Lloyds of course, not Stepchange!)

Twubble

You can have a car valued at up to £1000 AND £1000 in assets, so you're fine.