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  • FIRST POST
    • Freebird1
    • By Freebird1 12th Sep 18, 10:32 PM
    • 4Posts
    • 2Thanks
    Freebird1
    DRo submitted to insolvency today but I have a big concern!!
    • #1
    • 12th Sep 18, 10:32 PM
    DRo submitted to insolvency today but I have a big concern!! 12th Sep 18 at 10:32 PM
    Hi all,
    Im feeling very worried tonight. I have been doing my DRO through atepchange and today they submitted my application to the insolvency agency. My concern is over my credit report. I have a debt showing on there that I paid off over three years ago. I advised sc about this and they removed it from my list of creditors. Also, I have two debts on my credit report that are both for welsh water... these two have been added together and passed to a debt collection agency. Sc deleted the two amounts off my list of creditors and left the debt collectors one. My worry is that the insolvency agency wont be aware of this, see those on my credit report, add it together and decline me as it would make me exceed the 20,000 limit.
    Is there any way sc have accounted for this in their paperwork so that the insolvency agency can understand it? Im very worried!!
    Id really appreciate some advice please!
Page 1
    • sourcrates
    • By sourcrates 12th Sep 18, 11:04 PM
    • 15,252 Posts
    • 14,353 Thanks
    sourcrates
    • #2
    • 12th Sep 18, 11:04 PM
    • #2
    • 12th Sep 18, 11:04 PM
    Hi,

    Relax...

    Once a DRO application is submitted, it’s more or less a done deal, if there was a problem which could lead to a refusal, stepchange would not of submitted it.

    The insolvency service works mostly with the information given to them, 99.9% of DRO’s are accepted.

    They only get turned down if there is a clear breach of the rules, like trying to get a second one within six years, or deliberately omitting a debt to get under 20k.
    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/
    • fatbelly
    • By fatbelly 12th Sep 18, 11:05 PM
    • 12,681 Posts
    • 9,755 Thanks
    fatbelly
    • #3
    • 12th Sep 18, 11:05 PM
    • #3
    • 12th Sep 18, 11:05 PM
    Ideally, mistakes like the debt still showing that you paid off 3 years ago, should be corrected before the DRO.

    But stepchange should have added a note to explain that.

    If the insolvency service have concerns they should ask your intermediary to explain.

    I think you're still saying that the debts showing on the report, although that is not accurate, total below 20k, so I suspect it will just be approved without anyone really looking at it.
    • Freebird1
    • By Freebird1 12th Sep 18, 11:16 PM
    • 4 Posts
    • 2 Thanks
    Freebird1
    • #4
    • 12th Sep 18, 11:16 PM
    • #4
    • 12th Sep 18, 11:16 PM
    Thank you for your replies! I might sleep tonight now...I’m such a worrier!
    • Craig1981
    • By Craig1981 13th Sep 18, 6:15 AM
    • 294 Posts
    • 132 Thanks
    Craig1981
    • #5
    • 13th Sep 18, 6:15 AM
    • #5
    • 13th Sep 18, 6:15 AM
    if using a reputable organisation like Stepchange, CAB, Payplan etc, they will not submit a DRO if they for any reason feel it will be rejected or questioned
    • aimzee84
    • By aimzee84 13th Sep 18, 11:03 AM
    • 85 Posts
    • 12 Thanks
    aimzee84
    • #6
    • 13th Sep 18, 11:03 AM
    • #6
    • 13th Sep 18, 11:03 AM
    Hi @Freebird1, can I just ask when you first submitted your forms to Stepchange? How long did it take to get to this stage?
    • Freebird1
    • By Freebird1 14th Sep 18, 7:12 AM
    • 4 Posts
    • 2 Thanks
    Freebird1
    • #7
    • 14th Sep 18, 7:12 AM
    • #7
    • 14th Sep 18, 7:12 AM
    Well, it was submitted at 11.30am last Wednesday but Im not on the website yet. What time of day is the website updated?

    It has been 3 weeks in total from start to finish, step change have been wonderful.
    • fatbelly
    • By fatbelly 14th Sep 18, 8:33 PM
    • 12,681 Posts
    • 9,755 Thanks
    fatbelly
    • #8
    • 14th Sep 18, 8:33 PM
    • #8
    • 14th Sep 18, 8:33 PM
    Well, it was submitted at 11.30am last Wednesday but I’m not on the website yet. What time of day is the website updated?

    It has been 3 weeks in total from start to finish, step change have been wonderful.
    Originally posted by Freebird1
    Are you saying that the intermediary submitted the application on Wed 5th Sept, or Wed 12th?

    If the former, there's a problem and you should ask your intermediary if they've heard anything.

    If the latter, I would expect you to be on the register on Mon 17th.

    If you're just saying when you sent your forms back then the timescale could be anything
    • Freebird1
    • By Freebird1 14th Sep 18, 10:20 PM
    • 4 Posts
    • 2 Thanks
    Freebird1
    • #9
    • 14th Sep 18, 10:20 PM
    • #9
    • 14th Sep 18, 10:20 PM
    Are you saying that the intermediary submitted the application on Wed 5th Sept, or Wed 12th?

    If the former, there's a problem and you should ask your intermediary if they've heard anything.

    If the latter, I would expect you to be on the register on Mon 17th.

    If you're just saying when you sent your forms back then the timescale could be anything
    Thank you for your reply.
    Sorry, I should have been more clear. Step Change submitted it to insolvency on Wed 12th at 11.30 am. Fingers crossed for Monday then!
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