See If You Qualify

What is DRO?

A Debt Relief Order is a formal insolvency process for people who cannot pay their debts and who have no assets, a low income with no other access to debt relief and no prospect of the situation improving.

  • If you live in England or Wales you may be eligible if you owe less than £30,000 and have less than £2,000 in assets (and a car worth no more than £3,000).
  • If you live in Northern Ireland you may be eligible if you owe less than £20,000 and have less than £1000 in assets (and a car worth no more than £1,000).
  • You must also have less than £75 in surplus income per month.
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DROs are an alternative debt solution to Bankruptcy and usually last one year (12 months). Once you are in a DRO creditors are unable to recover their money without permission from the courts.

Once discharged from your DRO, all of the debts listed in your DRO will be cleared.

Write-off 100% of your debt

Write-off 100% of your debt

Advantages of DRO

DROs usually last for one year (12 months).

DROs are a low cost alternative to bankruptcy.

At the end of your DRO your debts will be written off.

Your creditors can’t take any action over the money you owe.

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Things to Consider

  • You will have to pay a one-off fee of £90 when applying for a DRO.
  • DRO’s will stay on public record for 15 months and on your credit record for six years.
  • You’ll be expected to pay back creditors if your financial situation improves.
  • You can’t get credit over £500 without telling the lender you have a DRO.
  • You may have difficulty opening a bank account once you have a DRO.

Take the first steps toward a debt-free life