I rang national debt helpline who then put it all over to Hanover insolvency but feel quite pressured by them to get paper work signed for has anyone dealt with these are they good? Is there any hidden costs to watch out for? My debts are around £14000 and was told i can pay £70 minimum due to income and outgoings for 5 years. I don't own my home I private rent but have seen that some people have paid longer than 5year. Any info would be great.
Abbimo22 wrote:I have just been looking at a DRO but don't think I'm eligible. What other companies do people suggest I try? Are there any hidden charges doing an iva or isit all just based on your earnings and disposable income.
If they have worked out that your disposable income is around £70 a month, it wouldn't take much to bring it below £50 for a DRO. The debt amount is within limits and you have no assets. So it might be an option worth exploring. I suggest you pop into your local CAB and speak to a debt advisor who can refer you to a DRP intermediary.
As an "Expert" on the forum, I am not allowed to suggest specific firms, but my preference would be for the small to medium companies. I am sure a few members will be able to share their experiences with the firms they have used.
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