DRO schedule

maxmycardagain

I know how a BR works and runs :cool:

With a DRO though...

I read/assume one applies, pays the fee and if granted all debts are "frozen" for a year and written off after a year if the applicants position financially remains unchanged.

What happens after the year of the DRO, do they (stepchange) contact the applicant and go through everything again?

can the creditors approach the debtor and start debt collecting again?

cheers

sourcrates

Assuming you don`t report any changes to your circumstances, when the 12 month monotorium period is over, the debts are written off completly, and you are no longer liable for them.

The only involvement stepchange will have is as your initial intermediary, they will submit your application for you, after which, they play no further part in the proceedings, your DRO is administered by the insolvency service from then on, however, other than to confirm your DRO has been granted, and as long as your circumstances do not change, you won`t hear from then again either, after their initial letter.
12 months later the DRO will end, and you will be debt free, there is no fanfare, no certificate, although you can request one, and no further contact from anyone, bit of a let down really.

As for creditor contact, its not unusual (i feel a song coming on...) for some debts to be sold on during the monotorium period, just remember, whatever they say or do, you have 100% legal protection from them, so they have no remedy against you whatsoever.

If, for example, a debt collector is still trying to collect an account included in your DRO, you just send them a copy of your paperwork, or your inclusion on the insolvency register, usually it does the trick, if not, contact the IS, and they will deal with them for you, plus you have the option of the financial ombudsman, the same as everyone else.

maxmycardagain

Cheers me dears

fwor

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liggerz87

I agree with sauce what happened to me was inknew I had debt and didnt bother with it and I was paying other debts over others preference 2 credit cards and a catalogue not much to spend anyway step change said I could pay them as I was favouring as they said so stopped paying then had to wait 3 months as December 18 in last paid waited 3 months but still spoke to step change told them how much I had a month and spoke to them about all debts also spoke to a debt collector and they agreed to wipe off what I owed them waited the 3 months then got in touch with step change again spoke to them got confused with them and they with me as debts 20k or under it showed I had 22k with lowell wiping what I owed them 7k knocked off 12k debt left I had to send step change the letter showing lowell wiped what I owe and then after that had step change letter to pay the 90 fee I left it for 5 months then paid on october and then on 4th November dro went through now I wait till November next year or if my circumstances dont change ie get job then the debt be wiped next year also step change did tell.me to get in touch with another charity and i still not sure why i had to get in touch with them i just left it i presume the other charity would have paid the 90 pound fee for me I think not sure tho