Question on how to deal with creditors now I have DRO

[red_squirrel]

Hello

 

I was officially issued a DRO yesterday against my creditors, so I cannot pay the debt back. I was informed the creditors would be written to and told this, but who writes to them, the insolvency agency or Payplan? And no doubt one or more of them will keep trying their luck and bombard me with calls still so what is the official line I tell them? My bank account is not with anyone I owe money to. Oh and two of the creditors listed under my DRO were payday loans so what do I do if they try to debit their regular payments from my debit card?

 

Thank you in advance.

[Stigman]

Hi Red Squirrel,

 

Your Insolvency Practioner will write to each creditor.

 

As to the payday loans, best to call your card issuer to report your card lost and ask for a stop to be placed on it and ask for a new one to be issued, your Insolvency Practioner will write to these if you have included them within your DRO but this can take a few weeks for the letters to be sent out, by that time, the payday loan Companies will try and take payment from your card.

 

You will have been issued with a unique number from Plymouth, i.e. DRO1234567, if any creditor demands monies back from you that you included in your DRO now or in the future, quote your DRO number to them, you can send a copy of your DRO certificate to them BUT NOT THE ORIGINAL!

 

Best Wishes

 

Stigman

[brokebutnotbeatn]

Well done. After a few months things will settle down and you can get on with your life; this must be a huge weight lifted. Keep everything filed in a box in the attic / a dark space somewhere in case you need it in a few years. Good luck for the future. x

[red_squirrel]

Thank you. Yes I have a reference no so will keep that to hand. Will ring the bank now to get a new card.

[Halibutt]

It's best to state that a card has been damaged rather than lost. Just a small point, but if banks think you're prone to losing or being careless with cards, they can get a bit grumpy about it.

[red_squirrel]

They were fine. I said it was lost in the house somewhere.

[BRIGADIER2JCS]

The simple way is to state that the card has been

compromised and should not be debited, but any new card

will not stop the automatic syatems accessing the account,

so it is important to get a NEW ACCOUNT NUMBER as well.

[rdm2006]

wasnt there something about recurring card payments recently?

 

it had something to do with gyms i think but i cant find it now

 

it could have been a news letter for feb or march

[rdm2006]

Continuous-Payment-Authorities-How-to-stop-them

 

Edit - there is also something about DRO's in the Feb newsletter

 

The Supreme court have finally ruled that deductions during the moratorium period of a Debt Relief Order are unlawful

 

did you have deductions whilst in the process of a DRO?

Edited April 5, 2012 by rdm2006