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DRO and prefferential payment
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Jonnybravo55
Posts: 24 Forumite
Hi
Long story short. I got myself in to some big trouble around 2016. Struggling with my debts since then at around 29.5k across 3-4 creditors. August last year I decided to take consolidation credit to completely pay off one of them (5200 pounds ) and then use rest of the money to top up my current account in case of debit or any urgent payments. Im applying for DRO via CAB now as this debts are taking life out of me. I started this around February this year and still not made full application. I had what I belive is final meeting with them before they send the application and they said that due to prefferential payment I made this app might be rejected. How likely is this going to happened?
Long story short. I got myself in to some big trouble around 2016. Struggling with my debts since then at around 29.5k across 3-4 creditors. August last year I decided to take consolidation credit to completely pay off one of them (5200 pounds ) and then use rest of the money to top up my current account in case of debit or any urgent payments. Im applying for DRO via CAB now as this debts are taking life out of me. I started this around February this year and still not made full application. I had what I belive is final meeting with them before they send the application and they said that due to prefferential payment I made this app might be rejected. How likely is this going to happened?
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Comments
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Sorry, what was the preferential payment you made again ?
Fatbelly is your man to answer this for you, how come your application has dragged out over two months ?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 -
Quoting the email I received from them
"The DRO Hub have recently tried to contact you regarding your appointment which is scheduled for 23/03/2023. Unfortunately due to system upgrades and service training we have rescheduled your appointment to 28/04/2023 AM. We apologise for the inconvenience and should any appointments become available before this date we will contact you to conduct this appointment sooner."
They payment was towards paypal credit which was dragging me down and I could see no end of it due its high %apr0 -
I haven't missed a payment for last 7 years now, just quit my job in February and couldn't find anything for 2 months. Got overwhelmed by everything0
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