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    • snowwhyte
    • By snowwhyte 2nd Mar 18, 2:13 PM
    • 53Posts
    • 489Thanks
    My DRO journey
    • #1
    • 2nd Mar 18, 2:13 PM
    My DRO journey 2nd Mar 18 at 2:13 PM
    I've decided I want to keep a record of my DRO journey. I think it will help me to clarify my thoughts and reduce the stress of the process since I don't really have anyone to talk to about it.
    I'm a carer for my grandparents and registered as self employed so i can earn some extra money online. I don't earn very much and used credit cards to keep me going and ended up borrowing more to keep up with payments until I couldn't keep up anymore. I finally acknowledged that i had a problem and started researching my options online. Of the options available a DRO seemed like the most suitable for me.
    I phoned the Business Debt Line on the 27th Feb and after being on hold for forty minutes I spoke to an advisor. They explained my options and went through my budget and agreed to send me an application pack. I applied for a new bank account with Nationwide and requested a credit report from Experian. Today my DRO application pack and my credit report arrived in the post. I'm planning on doing my application over the weekend and posting it on Monday. I'll also send letter to my creditors.
Page 2
    • MrMeMe
    • By MrMeMe 11th May 18, 3:24 PM
    • 6 Posts
    • 0 Thanks
    thats great news. what questions did they ask? was it just going through the amounts you put on the form and if they were still aplicaable?
    • snowwhyte
    • By snowwhyte 11th May 18, 5:24 PM
    • 53 Posts
    • 489 Thanks
    They explained the DRO process, how it would affect me going forward and my responsibilities if my circumstances changed. They asked if I was in a DMP or IVA or if I'd ever been bankrupt or had a DRO before.
    Then we went through the details in my application. They didn't ask for updated payment amounts because those could change before the final application is ready to be submitted.
    It was all very straightforward, nothing to be worried about.
    • snowwhyte
    • By snowwhyte 12th May 18, 3:36 PM
    • 53 Posts
    • 489 Thanks
    My final application arrived in the post this morning so that was quick. I have to complete it and get it back to them by May 21st or they'll cancel the application. It comes with 2nd class free post envelope but I might not be able to make a trip into town until next Thursday so I will probably post it 1st class signed for so I can be sure it reaches them on time.
    • snowwhyte
    • By snowwhyte 16th May 18, 5:50 PM
    • 53 Posts
    • 489 Thanks
    I went to the post office, paid my fee and posted my application off first class signed for. I'm a bit paranoid because the letter with the application said that if they don't receive everything by the 21st May they will cancel the application. I would not trust the Royal Mail to get an important, time sensitive letter to it's destination on time if it was going 2nd class.
    • snowwhyte
    • By snowwhyte 17th May 18, 4:52 PM
    • 53 Posts
    • 489 Thanks
    I got a phone call from my intermediary today. They received my application today. I confirmed that they had accurate amounts and that I wanted to go ahead. She is submitting it today and I should hear by Monday. She doesn't think there will be any problems since I have a very straightforward application.
    • Twubble
    • By Twubble 18th May 18, 6:41 PM
    • 47 Posts
    • 6 Thanks
    Excellent news. Not long now.
    • snowwhyte
    • By snowwhyte 21st May 18, 1:46 PM
    • 53 Posts
    • 489 Thanks
    I just got the text from my intermediary. My DRO has been approved. What a relief.
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