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New to DRO please help

helpmewithdebt1
Posts: 1 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
0
Comments
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DROs are best done when your situation is stable.
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
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Does the £1350 include current debt repayments ?
I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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