Preparing to submit application and terrified!

JR27721988

fatbelly said:

So what they're saying is that you do qualify for a DRO but that because it will stop your access to credit you may not be able to make ends meet if you go for one.

Of course the same argument can be made if you go for bankruptcy.

So the conclusion is that you do need to find a way to live on what's coming in, then apply for a DRO.

Your food & housekeeping is 519 per month, or about £120 per week. Do you think that could come down?

I could definitely cut back in places so could bring that down. 

I am being charged around £70-100 a month in overdraft fees, I pay £88 for gas debt, £20 for electricity debt so even just having those taken away would be a huge help. 

I have done a benefit check and I am not entitled to any. 

fatbelly

JR27721988 said:

fatbelly said:

So what they're saying is that you do qualify for a DRO but that because it will stop your access to credit you may not be able to make ends meet if you go for one.

Of course the same argument can be made if you go for bankruptcy.

So the conclusion is that you do need to find a way to live on what's coming in, then apply for a DRO.

Your food & housekeeping is 519 per month, or about £120 per week. Do you think that could come down?

I could definitely cut back in places so could bring that down. 

I am being charged around £70-100 a month in overdraft fees, I pay £88 for gas debt, £20 for electricity debt so even just having those taken away would be a huge help. 

I have done a benefit check and I am not entitled to any. 

Your budget should not include any payment to your debts

As for the overdraft you need (urgently) a bank account with a bank not connected to any of your debts and get all income and essential direct debits moved to that