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Re: What do I do?
Your biggest debt is the £9k to your Dad. If you went into a DRO that debt would have to be included which means he wouldn't get paid which in turn could cause family friction or even financial problems for your Dad. You're planning to move back home so it's important to keep things amicable.
If you're the father of your partner's child then I expect you'll want to consider the financial responsibilities that go with that whether they be voluntary or compulsory through Child Maintenance.
I understand how you feel about not wanting your parents to be alarmed by endless debt collectors calling and writing but maybe this is a good time to take a deep breath and let them know what's going on. You may well get a lecture and a telling-off at first but once the dust has settled I'm sure they'll stand by you. I would if it was my daughter.
Plan B x
Here's some info about DROs and loans from family members > http://www.stepchange.org/Debtinform...dedinaDRO.aspx
Loans from family or friends and DROs
Loans from friends or family must be included in a DRO just like other debts.
This means the person who lent you the money can’t take any action to collect it from you, and you can’t make payments to them after the DRO starts.
If they’re happy to treat the loan as a gift, you can go ahead with the DRO. Alternatively, for small sums, you may be able to come an agreement to pay it off in kind – for example, instead of paying them back in cash could you do some chores like gardening or babysitting for them instead?
If you owe money to a friend or family, don’t be tempted to pay it off quickly before your DRO starts. This could be seen as showing them preferential treatment, and your DRO could be refused.
Originally posted by Quikkie
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Your biggest debt is the £9k to your Dad. If you went into a DRO that debt would have to be included which means he wouldn't get paid which in turn could cause family friction or even financial problems for your Dad. You're planning to move back home so it's important to keep things amicable.
If you're the father of your partner's child then I expect you'll want to consider the financial responsibilities that go with that whether they be voluntary or compulsory through Child Maintenance.
I understand how you feel about not wanting your parents to be alarmed by endless debt collectors calling and writing but maybe this is a good time to take a deep breath and let them know what's going on. You may well get a lecture and a telling-off at first but once the dust has settled I'm sure they'll stand by you. I would if it was my daughter.
Plan B x
Here's some info about DROs and loans from family members > http://www.stepchange.org/Debtinform...dedinaDRO.aspx
Loans from family or friends and DROs
Loans from friends or family must be included in a DRO just like other debts.
This means the person who lent you the money can’t take any action to collect it from you, and you can’t make payments to them after the DRO starts.
If they’re happy to treat the loan as a gift, you can go ahead with the DRO. Alternatively, for small sums, you may be able to come an agreement to pay it off in kind – for example, instead of paying them back in cash could you do some chores like gardening or babysitting for them instead?
If you owe money to a friend or family, don’t be tempted to pay it off quickly before your DRO starts. This could be seen as showing them preferential treatment, and your DRO could be refused.
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