DRO Questions

reggierose69

Are there any other companies you would recommend for the DRO 
many thanks 

sourcrates

reggierose69 said:

I haven’t applied to anyone yet but it was going to be stepchange  I am my dads POA so I have to change that first to my sister because I read you can’t be POA for financial affairs if you have a DRO, I’m sick with worry with all this I’m afraid of getting stuff wrong and messing it up. 

I know everyone has stress and worry’s so I have to suck it up.
its amazing how things can change so quickly. Up until October last year I was living in London and let’s say managing I’ve never missed or been late paying my cc but i then had to move to Wales and become my dads Carer he has dementia, I applied for UC and thankfully was accepted but obviously this is not enough to pay my debits, family have helped up to now but that can’t continue. 

I’m exhausted just trying to work things out and how to do stuff.
so thank you to you guys and your advice 

Try not to let debt stress you out, it can be time consuming getting all the required information for a DRO, but short term pain, for long term gain, is how you should look at it.
Take your time, don`t rush into anything, ideally you should stop all creditor payments, debt collection is a very slow process, and goes to demonstrate your debts are not manageable.

Stepchange is a registered intermediary, and do all the hard work for you, your application will not be submitted, if there is a chance it will fail, that`s the job of the intermediary.

fatbelly

reggierose69 said:

Are there any other companies you would recommend for the DRO 
many thanks 

If your local Citizens Advice has someone who can do DROs (an Approved Intermediary) then that can be a good way forward. If they don't have one, they can refer you on, but you are then not doing it face to face, and I honestly think that's best - but getting increasingly difficult to find.

There are probably a dozen 'competent authorities' who can do these but CAB and stepchange do the bulk of them. I guess that's why they are listed first here

https://www.gov.uk/government/publications/getting-a-debt-relief-order/getting-a-debt-relief-order#find-a-debt-adviser

reggierose69

Thanks guys it’s great to have advice on here it can just calm the nerves. 

Regards to payment of cc should I just stop paying? If they contact me should I say I’m looking to apply for DRO or say nothing of my plans 

fatbelly

reggierose69 said:

I haven’t applied to anyone yet but it was going to be stepchange  I am my dads POA so I have to change that first to my sister because I read you can’t be POA for financial affairs if you have a DRO, I’m sick with worry with all this I’m afraid of getting stuff wrong and messing it up. 

Yeah. unfortunately that is true

Eligibility to hold a Power of Attorney for the financial affairs of an individual ceases on the making of a DRO. The debtor must cease acting as a Power of Attorney in relation to an individual’s financial affairs upon the making of the order.

sourcrates

fatbelly said:

reggierose69 said:

I haven’t applied to anyone yet but it was going to be stepchange  I am my dads POA so I have to change that first to my sister because I read you can’t be POA for financial affairs if you have a DRO, I’m sick with worry with all this I’m afraid of getting stuff wrong and messing it up. 

Yeah. unfortunately that is true

Eligibility to hold a Power of Attorney for the financial affairs of an individual ceases on the making of a DRO. The debtor must cease acting as a Power of Attorney in relation to an individual’s financial affairs upon the making of the order.

Is a deputy-ship viewed in the same way ?

fatbelly

I don't think so - the guidance explicitly refers to power of attorney.

As I seem to be sharing my IT problems on this thread, I now not only have a new faster browser - I also have a new faster phone line/socket/hub after Storm Dennis sent a lightning bolt through the old one. Seems OK but the BT engineer still wants to visit this week for some reason.

reggierose69

Thanks guys it’s great to have advice on here it can just calm the nerves. 

Regards to payment of cc should I just stop paying? If they contact me should I say I’m looking to apply for DRO or say nothing of my plans 

fatbelly

reggierose69 said:

Thanks guys it’s great to have advice on here it can just calm the nerves. 

Regards to payment of cc should I just stop paying? If they contact me should I say I’m looking to apply for DRO or say nothing of my plans 

In the run-up to a DRO it's best not to pay anyone - that way you treat everyone equally and save your £90 as fast as possible.

You don't need to tell them anything

reggierose69

Thanks for that just feels alien now not trying to pay these bills, but must admit it does relieve some pressure. Glad not to have to be pleading to family again. 

And you say I don’t have to tell the cc companies of my plans