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DRO application and credit cards
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dtjones888
Posts: 13 Forumite

in IVA & DRO
Hi all,
I am about to collate and send off all the information needed to apply for a DRO. Ive completed my budget, been advised on a DRO as the best outcome etc.
I have recently transferred a balance from one credit card to another as I was offered a 0% interest period. Will this be seen as preferential treatment and in turn affect my application?
Also what bank statements will they require when considering my application?
Thanks in advance
I am about to collate and send off all the information needed to apply for a DRO. Ive completed my budget, been advised on a DRO as the best outcome etc.
I have recently transferred a balance from one credit card to another as I was offered a 0% interest period. Will this be seen as preferential treatment and in turn affect my application?
Also what bank statements will they require when considering my application?
Thanks in advance
0
Comments
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"One swallow doth not a summer make" equally, a balance transfer does not constitute preferential treatment, I expect you will be OK on that one.
With regard to bank statements, your DRO advisor will want proof of your income, to make sure the figures you are giving them are as accurate as possible, so you will need to provide either wage slips or statements to that end, usually about 3 months worth, but they should tell you what they require of you.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-letter1
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