I have £12,540 of debt and i’ve been told i am suitable to enter a debt relief order because i have no assets but i’ve do work full time and have a low expenditure. Can i increase my expenditure to enter the debt solution?
You have to pay a one-off fee of £90 to have your application considered but if it’s rejected you won’t receive the money back. That’s one of the reasons why you’ll need a qualified money advisor to help you with the application.
If however the money advisor feels your expenditure is high or in any way excessive they are unlikely to advise you on applying for the DRO. At which point a IVA or debt management plan may be a better debt solution.