Debt Relief Payday Loans
Will I be accepted for a Debt Relief Order?
Hello, In the last 3 to 4 years I was a fool when trying to obtain credit and managed have to collect a large sum of debt for some borrowers have paid even more than two years. It is time that this all sorted and stopped putting his head in the sand I only have about 25 different creditors their money around £ 12,000 in total not a large sum to each my highest is £ 2500 to Natwest. I have about 10 loans payday catolgoes and old accounts of the old house as water and electricity. Could a policy of debt relief accept me for this, if see how stupid I've been on the past with the money because so many people. I only earn £ 820 per month and my bill than if I was to keep on top of them. I have nothing worth I have a TV and a car no shit crappy PC and saving no. Can someone please help on where I was going to be with this. Thanks
Based on what you say, it looks as if you may qualify for a DRO. what matters is that your debt is less than £ 15k, you have less than 50 pounds per month of disposable income and assets valued at £ 300. That said, do not automatically assume that a DRO is the best option. Note that there are serious consequences of such action, as with bankruptcy. You need to take advice from a company specializing in the best option for their circumstances. Meanwhile, do not borrow more money or take more credit. Worth looking at what an individual voluntary agreement or debt management plan may be able to do for yourself.
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