Debt Relief Orders (DRO) - Information & help thread
Comments
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one thing i meant to tell you....i dont know if ndl do the same but i should imagine they do.....when they work out your benefits they do it over 52 wks...for example.....i get £96 a wk which in my book comes to £384 a month...they do it like this...£96 x 52 =£4992 divided by 12 =£416 so do make sure it still comes under the £50 benchmark...iv no idea why they do this cuz it doesnt make you get any extra money each month....weird :question::question::question:
ha ha, the old 4 weekly/calendar monthly calculations. It's because some things are paid weekly, some are paid fortnightly, some are paid 4 weekly, some are calendar monthly. To keep it nice and simple for us advisors we work calendar monthly, 12 lots per year. Its to tie up with when bills/creditors want paying - set date each month, not every 4 weeks. If we did it all 4 weekly there would 13 payments each year (unlucky for those that believe in luck?) which wouldnt tie up with the 12 payments your electric/gas/phone/creditors would want...0 -
understood wba, dont know if you saw my previous post but i feel absolutely elated...thankyou for all the advice you give on this forum..i would never even have thought about about a dro if i had'nt found this site, i would still be struggling and wondering what to do next..you guys are the best...:beer::beer::beer:0
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Firstly congratulations to scarlet55 for getting approved. well done and well deserved:T.
I just need help with 2 more things and im going to post my SOA up here for you guys/gals to have look if you dont mind,
1.i have a couple of bank accounts which i have not used but had opened a few years back with no money in them, do i need to close them or can i leave them and use after my DRO?
2.I have my main bank account which has an overdraft but it is still open and active as i have only stopped paying the intrest charge from a month ago, do i need to wait for it to default/closed before i make the DRO? And when i get ask for bank statements can i give my partners account as this is were the benefits get paid and my job is paid cash in hand.0 -
:j:j:j just to update every-one, my dro has been approved...can't tell you how relieved i feel..:smileyhea:smileyhea:smileyhea:smileyhea can i just say thankyou to every-one for the advice and guidance you have given me..especially orville and all the experts on here....and thanks broken spirit for being a friend xxxx
Congratulations Scalet, I'm sooooo pleased for you :j:j:j:j
I'm so pleased you haven't had to wait all weekeend to find out, it must be a weight off your shoulders You've been a gr8 support 2 me over the last week or so, so plz don't disappear!!!! As I know I'm gonna drive u all insane with questions over the next few weeks :rotfl::rotfl::rotfl:& you've always been here to point me in the right direction, along with wba. I'm awaiting my replacement forms & intend to get things right this time I've still along road ahead of me, but with all your help, I'll get there. :T :T:TI am a Leo...& as such I will defend my "pride" ferociously....you have been warned!0 -
one thing i meant to tell you....i dont know if ndl do the same but i should imagine they do.....when they work out your benefits they do it over 52 wks...for example.....i get £96 a wk which in my book comes to £384 a month...they do it like this...£96 x 52 =£4992 divided by 12 =£416 so do make sure it still comes under the £50 benchmark...iv no idea why they do this cuz it doesnt make you get any extra money each month....weird :question::question::question:
I'm reading all these post backwards, lol. Yeah, I'd had this explained to me. I didn't understand it at the time, but have just read wba's post (above) & it now makes sense. But thx.:)I am a Leo...& as such I will defend my "pride" ferociously....you have been warned!0 -
understood wba, dont know if you saw my previous post but i feel absolutely elated...thankyou for all the advice you give on this forum..i would never even have thought about about a dro if i had'nt found this site, i would still be struggling and wondering what to do next..you guys are the best...:beer::beer::beer:
Have you had any word on the balance change you requested?0 -
not yet wba im going to phone my adviser on monday to see whats happening, she's not available till then so i'l let you know, unless there is anything in the letter that i get from the or....its not come yet, just saw my name on insolvency website..:)0
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broken_spirit wrote: »Congratulations Scalet, I'm sooooo pleased for you :j:j:j:j
I'm so pleased you haven't had yo wait all weekeend to find out, it must be a weight off your shoulders You've been a gr8 support 2 me over the last week or so, so plz don't disappear!!!! As I know I'm gonna drive u all insane with questions over the next few weeks :rotfl::rotfl::rotfl:& you've always been here to point me in the right direction, along with wba. I'm awaiting my replacement forms & intend to get things right this time I've still along road ahead of me, but with all your help, I'll get there. :T :T:T0 -
sarbaz2007 wrote: »Firstly congratulations to scarlet55 for getting approved. well done and well deserved:T.
I just need help with 2 more things and im going to post my SOA up here for you guys/gals to have look if you dont mind,
1.i have a couple of bank accounts which i have not used but had opened a few years back with no money in them, do i need to close them or can i leave them and use after my DRO?
2.I have my main bank account which has an overdraft but it is still open and active as i have only stopped paying the intrest charge from a month ago, do i need to wait for it to default/closed before i make the DRO? And when i get ask for bank statements can i give my partners account as this is were the benefits get paid and my job is paid cash in hand.0 -
its very quiet on here 2day....bet ur all out there sunbathing lol...:cool2::cool2::cool2::cool2:0
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