Any delay on DRO applications

spencerrothchild

I’m thinking of starting a Dro application and was wondering if there are delays with the higher numbers of defaults at the mo

mwarby

I'm not sure that many more people are actually defaulting (payment holidays are on offer), I think a bigger impact is on the debt advisors who need to talk you through your application and verify certain aspects of it. They will be working from home perhaps with less than ideal setups, from what I've seen things are progressing fairly normally though

fatbelly

I agree with mwarby, being in exactly that situation. Things at the DRO Team are a bit slower too but it's just the numbers of staff working differently.

spencerrothchild

I expect the huge numbers of defaults are to come later

dr_adidas01

spencerrothchild said:

I expect the huge numbers of defaults are to come later

Perhaps that may happen, but there will be huge numbers that don't default too.

spencerrothchild

dr_adidas01 said:

spencerrothchild said:

I expect the huge numbers of defaults are to come later

Perhaps that may happen, but there will be huge numbers that don't default too.

99% of debt in the world is being defaulted on