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I need advise on a DRO

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I'm 24 and have already accumulated around £21k work of debt.

This includes, HPI (which i don't have anymore)  3 Credit cards,  2 Loans. I've had this for about a year and they are in their default stage. The loans and credit cards have been sold on.

I've contacted Step change for advise and they advised a DRO would be suited for my self.

I'm currently on Universal credit & Carers.

Before committing into this, I'm just after advise on this please.

I'm with Barclays, Monzo, Nationwide revolut & starling. ( I have soo many as years ago you could get a netflix trial but it was per bank account) 

I've read on National Debt Line that my Bank account may close or even shut down. This is something I don't wan't.

Has anyone had a DRO and experienced any bank closures 

Also If i were to get a job after the DRO has been approved but it be closed and I'd have to pay it back, as I've heard different way's around that. 


Thanks In Advance 


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open a parachute account with a bank that you have no previous links too

get you income paid into that.

you say some of the debts are now sold and owned by DCA's/Debt Buyers? no longer with the original creditors ? have have notice of assignments on these sold ones?

although a DRO is by far the very best way to deal with your situation if you meet it's requirements, i never like to recommend DRO/IVA/BK etc to anyone on consumer credit debts and it sort of legally secures them. 

some or all could be legally unenforceable.


please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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