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  • FIRST POST
    • snowwhyte
    • By snowwhyte 2nd Mar 18, 2:13 PM
    • 57Posts
    • 491Thanks
    snowwhyte
    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
    MrMeMe
    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
    • 57 Posts
    • 491 Thanks
    snowwhyte
    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
    • 57 Posts
    • 491 Thanks
    snowwhyte
    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
    • 57 Posts
    • 491 Thanks
    snowwhyte
    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
    • 57 Posts
    • 491 Thanks
    snowwhyte
    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
    • 58 Posts
    • 13 Thanks
    Twubble
    Excellent news. Not long now.
    • snowwhyte
    • By snowwhyte 21st May 18, 1:46 PM
    • 57 Posts
    • 491 Thanks
    snowwhyte
    I just got the text from my intermediary. My DRO has been approved. What a relief.
    • snowwhyte
    • By snowwhyte 31st May 18, 10:59 PM
    • 57 Posts
    • 491 Thanks
    snowwhyte
    After I received my confirmation text from my intermediary I received my written confirmation from the insolvency service on the next working day. I was glad to receive it but that was the one day of the week I was unable to collect the post and the letter came with an insolvency service stamp on it. I don't know who in my family collected the post or if they saw the stamp. Also the corner of the letter had been lifted but that hopefully occurred in transit. I wish the letter hadn't been identifiable but there's not much I can do about it now.

    Today I heard from Natwest that they had received confirmation of my insolvency and were closing my account. I haven't yet had letters from my other creditors.
    • VeryInTheRed
    • By VeryInTheRed 1st Jun 18, 1:02 AM
    • 62 Posts
    • 41 Thanks
    VeryInTheRed
    Quick question...
    Hello : )

    Who do you have the phone interview with?

    The debt advise charity or the insolvency service?

    Or both?

    Asking on behalf of my wife (I am currently BR) and it now looks like she may need to do a DRO.

    Thanks all,

    VITR
    • fatbelly
    • By fatbelly 1st Jun 18, 8:14 AM
    • 12,697 Posts
    • 9,761 Thanks
    fatbelly
    Hello : )

    Who do you have the phone interview with?

    The debt advise charity or the insolvency service?

    Or both?
    Originally posted by VeryInTheRed
    You'll mostly be talking to the debt advice charity

    After the application is submitted the DRO team at the Insolvency service can contact you to ask questions but in 99% of cases do not
    • Gellerbing
    • By Gellerbing 25th Jun 18, 5:04 PM
    • 34 Posts
    • 3 Thanks
    Gellerbing
    Had to get upto date balances from my creditors which took forever!! finally paid my 90 on 4th june and rang them friday to let them know. I had to have a phone interview which lasted 40 mins and she submitted it there and then.
    Recieved a letter today confirming that my application had been submitted. I should hear back within 7-10 days which is the hardest part. I won't be able to relax until i get the decision, so hope those days go by fast.
    • fatbelly
    • By fatbelly 25th Jun 18, 6:01 PM
    • 12,697 Posts
    • 9,761 Thanks
    fatbelly
    Had to get upto date balances from my creditors which took forever!! finally paid my 90 on 4th june and rang them friday to let them know. I had to have a phone interview which lasted 40 mins and she submitted it there and then.
    Recieved a letter today confirming that my application had been submitted. I should hear back within 7-10 days which is the hardest part. I won't be able to relax until i get the decision, so hope those days go by fast.
    Originally posted by Gellerbing
    Check the insolvency register as you might appear there before you hear from your intermediary

    https://www.insolvencydirect.bis.gov.uk/eiir/
    • Gellerbing
    • By Gellerbing 27th Jun 18, 10:34 AM
    • 34 Posts
    • 3 Thanks
    Gellerbing
    Just checked and I'm on the register. Thank goodness.
    What happens now? Do i inform my creditors or do they?
    • Twubble
    • By Twubble 27th Jun 18, 10:52 AM
    • 58 Posts
    • 13 Thanks
    Twubble
    Congratulations. Such a relief for you. The OR is supposed to notify your creditors, but mine weren't notified until 3 weeks later, and then some of them didn't get the message for a couple of months, so kept hassling me. Santander was the worst. They're all off my back and sorted now, though. Good luck.
    • snowwhyte
    • By snowwhyte 27th Jun 18, 11:44 AM
    • 57 Posts
    • 491 Thanks
    snowwhyte
    Congratulations. I thought it would come through fairly quickly. It does feel weird when you've finally got the DRO and there's nothing else to do but wait for it to run for a year. If you've been in debt for a long time and you have ordered your life around making payments or struggling to make payments and then suddenly you're free it is such a relief but it is also an adjustment. I know i won't truly relax until the year is over.
    • Gellerbing
    • By Gellerbing 10th Jul 18, 7:33 PM
    • 34 Posts
    • 3 Thanks
    Gellerbing
    Yeah i won't feel totally relaxed until all my creditors aknowledge the DRO, so far only 2 have written to me to say they won't ask for payment anymore. I am still been hassled by post office, halifax and very demanding payments, i just hope they do aknowledge it.
    • snowwhyte
    • By snowwhyte 14th Aug 18, 10:05 PM
    • 57 Posts
    • 491 Thanks
    snowwhyte
    I'm two months and three weeks into my DRO and I decided to check my credit report with noddle. All my accounts are listed as defaulted except for my Natwest overdraft. I checked my payment and account balance history and it is not showing any missed payments which I guess is because they just automatically deduct overdraft charges from the account and if that takes you over the limit they just add on more charges. From when I stopped using my account in March until June my balance owed increased by about 280 due to charges. Then in July the balance went back down by 80. I can no longer access my online account because after Natwest received the DRO notification they wrote to let me know the account was being closed.

    I am just curious about the balance changes. I am unlikely to have received an unexpected payment in that account but would they maybe have refunded some charges? Are they likely to default the account soon? Do they keep adding charges until the end of the year and then default the account? Has anyone had any experience with this?
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