Clearing Debts — Scope | Disability forum
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Clearing Debts

charlie79
charlie79 Community member Posts: 258 Pioneering
I've recently looked at DRO option where you pay £91 to clear your debts if your struggling. I qualify for all the criteria. The only problem is i have a Argos account which is part of the debt im struggling to pay. If I apply for this DRO would I have to return the goods from the catalogue . I last ordered something on line a year ago but the debt is still there.

Comments

  • janer1967
    janer1967 Community member Posts: 21,964 Disability Gamechanger
    Hi there I am not totally sure of the answer but I would imagine it would just be part of the debt it is unlikely they would want a product back that is a year old it would have no value to them it is the payment they would want

    Please make sure you get expert advise before getting into any debt management scheme as lots out there are not as good as they seem, they control all your money for years and charge you a fee for doing so speak to step change they are a debt charity

    When I had debts I rang the debtors and organised an affordable repayment plan myself with each of them  
  • Ross_Alumni
    Ross_Alumni Scope alumni Posts: 7,652 Disability Gamechanger
    Hi @charlie79

    Just to let you know I have moved your discussion to our finances and extra costs category.

    I would echo the advice given above, hope you manage to get everything sorted.
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  • charlie79
    charlie79 Community member Posts: 258 Pioneering
  • poppy123456
    poppy123456 Community member Posts: 53,338 Disability Gamechanger
    I would appreciate it if members wouldn't tag me please. I have all notifcations turned off and wouldn't want a member thinking i'm being rude by not replying.
    If i see a question that i know the answer to i will try my best to help.
  • woodbine
    woodbine Community member Posts: 11,519 Disability Gamechanger
    Firstly you wouldn't have to return the goods to Argos, secondly DRO's can be a great solution my mother in law did one about 12 years ago, there is only one downside and that is it would be at least 6 years before you would be able to borrow any money again from anybody, the DRO itself is something that takes upto 9 months to finalise, my MIL did it with the help of CAB but as @poppy123456 says step change will advise.
    If you do decide to go down the DRO road and any of the people you owe money to give you any hassle you just refer them to the official receiver.
    Good luck.
    2024 The year of the general election...the time for change is coming 💡

  • charlie79
    charlie79 Community member Posts: 258 Pioneering
    To be honest I am panicking and stressing about debts. They are credit cards I am paying back but I due for an esa assessment and always worried my money may be cut and would have to appeal. I am completely housebound and depend on my 2 friends and services. Would I have to include PIP in income if I apply for DRO. I owe £2000 on one card £500 on another and £200 on one and £180 on my argos card
  • charlie79
    charlie79 Community member Posts: 258 Pioneering
    I'm making payments but its the interest on them that swallows me up
  • poppy123456
    poppy123456 Community member Posts: 53,338 Disability Gamechanger
    Yes, PIP will be included in the DRO but then you need to add in your disability related expenses. Please have a read of the link i posted above.
    I would appreciate it if members wouldn't tag me please. I have all notifcations turned off and wouldn't want a member thinking i'm being rude by not replying.
    If i see a question that i know the answer to i will try my best to help.
  • charlie79
    charlie79 Community member Posts: 258 Pioneering
    WILL SDP be taken into account
  • poppy123456
    poppy123456 Community member Posts: 53,338 Disability Gamechanger
    Yes because it's part of another benefit, it's not a benefit on it's own.
    I would appreciate it if members wouldn't tag me please. I have all notifcations turned off and wouldn't want a member thinking i'm being rude by not replying.
    If i see a question that i know the answer to i will try my best to help.
  • charlie79
    charlie79 Community member Posts: 258 Pioneering
  • woodbine
    woodbine Community member Posts: 11,519 Disability Gamechanger
    @charlie79 I must say that a DRO seems a bit drastic for less than £3000 of debt, you can clear upto £21000 of debt with a DRO as @poppy123456 has advised have a chat with step change there are other options.
    2024 The year of the general election...the time for change is coming 💡

  • poppy123456
    poppy123456 Community member Posts: 53,338 Disability Gamechanger
    @woodbine i have to agree with you here.
    I would appreciate it if members wouldn't tag me please. I have all notifcations turned off and wouldn't want a member thinking i'm being rude by not replying.
    If i see a question that i know the answer to i will try my best to help.

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