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  • FIRST POST
    • Gellerbing
    • By Gellerbing 9th Feb 18, 9:02 PM
    • 28Posts
    • 2Thanks
    Gellerbing
    Looking into a DRO
    • #1
    • 9th Feb 18, 9:02 PM
    Looking into a DRO 9th Feb 18 at 9:02 PM
    After considering a dmp it turned out i wouldn't be able to afford the monthly payments for that. The next step it was suggested i do is apply for a debt relief order. Obviously this is something i haven't taken lightly, i have researched it and read reviews etc. But i do have a couple of concerning questions if anyone can help.

    1) how long does the application take once paid? I would have to forgo paying 2 monthly payments (seperate debts) in order to pay for the DRO, not something i want to do but i have no other option as literally no left over money after paying debts :/

    2) what are the chances of a DRO application being rejected? Has it happened to you and if so how did you cope?

    3) i read that creditors can still send bailiffs around whilst on the DRO. Is this true? We live with the inlaws, they know nothing about my debt and my husbands mum suffers from depression and is bipolar, she would go up the wall and throw me out if bailiffs turned up asking for me. So this is something i can not risk.


    4) if accepted can i still pay a select few credit cards if i wish? If i can id like to at least still keep paying the minimum payment on my halifax card, because apparently they can just take money from my account if i don't.
Page 1
    • sourcrates
    • By sourcrates 9th Feb 18, 9:32 PM
    • 14,328 Posts
    • 13,526 Thanks
    sourcrates
    • #2
    • 9th Feb 18, 9:32 PM
    • #2
    • 9th Feb 18, 9:32 PM
    Hi,

    (1) Depends, can be a couple of months, as these are becoming more popular, but does not make any difference in the long run.

    You should not pay your creditors at all if your going for a DRO.

    (2) The intermediary will not submit your application if they think it will be rejected, once submitted its virtually guaranteed to be accepted.

    (3) incorrect, creditors have no remedy whatsoever once a DRO has been granted, you have full legal protection until your DRO completes.

    (4) No, all your debts must be included, bank accounts with OD as well, (must not exceed the 20k limit), you must open a new basic account with a bank with whom you have no debt.

    Id do a little more research if I were you, from your post, you seem to be struggling a bit with the technicalities, this is a good place to start :

    https://www.stepchange.org/Howwecanhelpyou/DRODebtrelieforder.aspx
    Last edited by sourcrates; 09-02-2018 at 10:21 PM.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Free Legal advice see : http://legalbeagles.info/
    • Gellerbing
    • By Gellerbing 9th Feb 18, 10:34 PM
    • 28 Posts
    • 2 Thanks
    Gellerbing
    • #3
    • 9th Feb 18, 10:34 PM
    • #3
    • 9th Feb 18, 10:34 PM
    I've read that already but thanks anyway
    • sourcrates
    • By sourcrates 9th Feb 18, 11:54 PM
    • 14,328 Posts
    • 13,526 Thanks
    sourcrates
    • #4
    • 9th Feb 18, 11:54 PM
    • #4
    • 9th Feb 18, 11:54 PM
    I've read that already but thanks anyway
    Originally posted by Gellerbing
    Ok, try here instead then :

    https://debtcamel.co.uk/debt-options/guide-to-debt-relief-orders/
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Free Legal advice see : http://legalbeagles.info/
    • Gellerbing
    • By Gellerbing 10th Feb 18, 1:19 PM
    • 28 Posts
    • 2 Thanks
    Gellerbing
    • #5
    • 10th Feb 18, 1:19 PM
    • #5
    • 10th Feb 18, 1:19 PM
    Ah that's great thank you, that's a more in depth article and hadn't come across it before. Will give a read this afternoon
    • fatbelly
    • By fatbelly 10th Feb 18, 1:39 PM
    • 12,342 Posts
    • 9,387 Thanks
    fatbelly
    • #6
    • 10th Feb 18, 1:39 PM
    • #6
    • 10th Feb 18, 1:39 PM
    If you like reading try this

    https://www.gov.uk/government/publications/intermediary-guidance-notes-v15-dro2-guidance-for-approved-intermediaries

    You will then probably know more than your Intermediary!
    • Gellerbing
    • By Gellerbing 13th Feb 18, 5:23 PM
    • 28 Posts
    • 2 Thanks
    Gellerbing
    • #7
    • 13th Feb 18, 5:23 PM
    • #7
    • 13th Feb 18, 5:23 PM
    Thanks I've read through everything amd my partner has offered to pay the 90 so ive asked for the forms. How long should i expect to wait before recieving the forms? They'll be from step change.
    • fatbelly
    • By fatbelly 13th Feb 18, 6:37 PM
    • 12,342 Posts
    • 9,387 Thanks
    fatbelly
    • #8
    • 13th Feb 18, 6:37 PM
    • #8
    • 13th Feb 18, 6:37 PM
    You'll need to ask stepchange. There seems to be a lot of delay with them at the moment but I couldn't put a figure on it.
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