New to DRO please help

1 Post
Newbie
Hello
This is my first time posting.
I had a debt management plan with Stepchange and have kept up my monthly repayments.
My circumstances have now changed due to a mental health breakdown and marriage breakdown.
Since my DMP, 4 additional loans have been taken out in my name and I’ve signed them whilst under influence of strong medication and not being in any frame of mind to argue or think clearly about it.
I contacted stepchange today regarding a debt relief order and updated the new debts in my name with them.
This is my first time posting.
I had a debt management plan with Stepchange and have kept up my monthly repayments.
My circumstances have now changed due to a mental health breakdown and marriage breakdown.
Since my DMP, 4 additional loans have been taken out in my name and I’ve signed them whilst under influence of strong medication and not being in any frame of mind to argue or think clearly about it.
I contacted stepchange today regarding a debt relief order and updated the new debts in my name with them.
I am really scared about this and took me a lot of courage to call them, I felt like a fraud and I’m just on the brink of another breakdown about this.
Can anyone who has had a DRO tell me your experience with it. I’m worried it won’t even get approved. I earn £1200 a month, my outgoings are £1350 and my debt in total is £10,670.
Thank you x
Can anyone who has had a DRO tell me your experience with it. I’m worried it won’t even get approved. I earn £1200 a month, my outgoings are £1350 and my debt in total is £10,670.
Thank you x
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Replies
Sometimes people need credit short-term in order to pay essentials.
If your earnings are £1200 a month, and outgoings are £1350, then how are you going to survive over the next few months?
Do you want to post a statement of affairs and I'll have a look at it?
https://www.lemonfool.co.uk/financecalculators/soa.php
More than a third of IVA`s fail....fact.
Could A Debt Relief Order help you ?
Never pay a fee for a Debt Management Plan.
For free non-judgemental debt advice, contact either : Stepchange, National Debtline, or CitizensAdviceBureaux.