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Posted: Thu Oct 08, 2009 10:27 am
by paul.gg
i HAVE 12000 OF DEBT
Posted: Thu Oct 08, 2009 11:03 am
by rayb
Hi and welcome to the forum,
Could you post a bit more details about your finances etc. I am presuming that you are now not able to meet your obligations???
You may be eligble for a DRO (Debt Relief Order) as your debts are under £15K, but please post more and we can advise further
Posted: Thu Oct 08, 2009 11:27 am
by chidge
You may qualify for a number of solutions, you need to do a full assessment of income vs expenditure. Work out what you have left over each month.
Also, make sure that you include any credit commitments, don't miss anything out.
For information on IVA's or the other possible solutions, these links could be useful.
**Links removed - please do not advertise on the forum**
Posted: Thu Oct 08, 2009 12:18 pm
by Julie
Hi Paul and welcome to the forum, please post a bit more info and we'll be able to advise you fully.
In the meantime take a look at
www.iva.com there are reviews and comapnies on there that will give you give you free impartial advice.
Chidge - you are not allowed to post links advertising companies on here.
Posted: Thu Oct 08, 2009 5:59 pm
by kallis3
As long as you don't own a house, have less than £50 per month disposable income and don't have more than £300 in assets then a debt relief order sounds as though it could be ideal. It will cost you £90 and as long as your DI doesn't go above £50 for 12 months, then your debt will be written off.