Debt relief order and Social Fund Loans...

[Jam_Buttie]

I have several budgeting loans/crisis loans in my name. In the new year I'm thinking of doing a DRO as I'm struggling with my payment plans via CAB. Plus to pay them all off will take over 60 years lol.

 

DRO seems the way to go tbh.

 

Anyway, at the minute my OH is on Income Support and as such all the repayments for the Social Fund loans come from thier IS rather than from my Incapacity and DLA.

 

If I do a DRO and include the Social Fund Loans, will my OH go back to getting the full rate of IS?

[seanamarts]

Hi and welcome to CAG.

 

I am not sure whether your IS loans will be included in a DRO,

 

Have a read here, it may be of some help

http://debtrelieforder.org.uk/commonly-asked-debt-relief-order-questions

[cerberusalert]

Have a word with http://www.nationaldebtline.co.uk/england_wales/debt_advice.php#2 they'll be able to advise.

[Jam_Buttie]

Moneies owed as of 21st November 2011:

 

Provident: £745. They get £1.00 per month. 745 months to repay!

T Mobile £121. They get £5.00 per month. 24 months ro repay.

Next £85. They get £5.00 per month. 17 months to repay

Greenwoods £320. They get £5.00 per month. 64 months to repay.

Vanquis £658. They get £5.00 per month. 131 months to repay!

Capital one/CapQuest £300. They get £5.00 per month. 60 months to repay.

[seanamarts]

Have you spoken to CAB on this?

It is possible that you could do the DRO through them, they would also advice whether your IS loans would be included.

[seanamarts]

Have you spoken to CAB on this?

It is possible that you could do the DRO through them, they would also advice whether your IS loans would be included.

[sequenci]

Social fund loans are included. As things currently stand as soon as the DRO is in place you will not have to repay any of the loan. This may change pending the outcome of an appeal which we should learn the answer to shortly. You may have to continue paying the deductions until the end of the 12 month period. Then anything else will be written-off.

[Jam_Buttie]

Trouble is getting into our CAB. Have to turn up at 7.30am and queue up.

It seems silly strugglin to pay off the debts for the next 60 years when i could do a DRO which Will be off my credit file in 6 years.