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Debt Relief Orders


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Hi All

 

Quick question. I had a DRO years ago, and during the one year of the DRO I took out a PDL for £200. Is that against the rules? From what I can see, I only had to tell them if it was £500 or over?

 

I ask as I am trying to claim back from a lender, but do not want to drop myself in it..

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https://www.nationaldebtline.org/EW/factsheets/Pages/37%20EW%20Debt%20relief%20orders%20(DROs)/Page-07.aspx

 

Here you go...

 

 

 

What restrictions will be placed on me?

 

The main restrictions are as follows.

 

 

You must not take out credit of £500 or more without telling the lender that you have a DRO.

You cannot run a business in a different name without telling everyone you do business with the name you used for your DRO.

You cannot be involved with the promotion, management or formation of a limited company, or become a company director without getting permission from the court.

You may not hold certain public offices.

You cannot apply for a DRO again for six years.

 

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