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Hoping to do self managed DMP ... please check my ponderings
Comments
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You should be aware that there is a standard allowance for everything you spend money on in a DRO assessment.
So you should always over estimate the figures you give in your budget by at least 30%, maybe more, if any of your figures goes over the standard allowance, they may question it, otherwise it will be accepted as the norm, always over estimate rather than undercut yourself.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-letter3 -
Really! I underestimated as I was afraid they may turn it down... thank you so much...sourcrates said:You should be aware that there is a standard allowance for everything you spend money on in a DRO assessment.
So you should always over estimate the figures you give in your budget by at least 30%, maybe more, if any of your figures goes over the standard allowance, they may question it, otherwise it will be accepted as the norm, always over estimate rather than undercut yourself.0 -
Basically, as long as your expenditure doesn't exceed your income, in your situation no-one is going to really going to challenge your SOA.
In reality, your income just about sustains you and you've not got any surplus for debt repayments.
You've had a crap few years and need to build a future.If you've have not made a mistake, you've made nothing2 -
That's so incredibly kind of you. Thank you so so much... here's to a better 2026 and beyond...RAS said:Basically, as long as your expenditure doesn't exceed your income, in your situation no-one is going to really going to challenge your SOA.
In reality, your income just about sustains you and you've not got any surplus for debt repayments.
You've had a crap few years and need to build a future.0
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