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Mortgage Application and DRO
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Cola133
Posts: 52 Forumite
I had a DRO agreed in 2018, discharged in 2019. It now doesn't show on any of my credit reports. Do I need to declare it on my mortgage application when it asks if I have ever been declared Bankrupt? I have checked the London Gazette and my name isn't there, so I don't think it's classed as proper Bankruptcy. What do you think please?
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A DRO isn't a bankruptcy.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions 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.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
Check your state pension on: Check your State Pension forecast - GOV.UK
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
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And doesn't appear in the Gazette1
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So to answer the question, no, you have never been bankrupt.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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"So to answer the question, no, you have never been bankrupt."
Often the question is along the lines of "Have you ever come to an arrangement with creditors to play a reduced amount" or similar.0
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