What is a Debt Relief Order (DRO)?
A DRO is a debt solution for personal debts you can’t afford to pay. If approved, a DRO will freeze your eligible unsecured debts for 12 months, after which they’re written off. Start your debt assessment Fees may apply. Your credit rating may be affected & details may be passed on to 3rd parties. T&Cs apply.
Why consider a Debt Relief Order (DRO)?
Protected from further legal action
A Debt Relief Order prevents creditors from taking legal action against you or demanding repayment during the order period.
Set up within two months
A Debt Relief Order can be approved in as little as 60 days, giving you swift relief from unmanageable debts.
Low-cost solution
Compared to bankruptcy, a Debt Relief Order is a much cheaper option, making it accessible for those on a low income.
Debts written off after a year
Once the 12-month period ends, any qualifying debts included in the Debt Relief Order are completely written off.Why might an Debt Relief Order not be for me?
Property
Not available if you own property
Credit rating
Your credit rating will be affected
Debt level
Only available if you owe less than £50,000
Public register
Your DRO will be recorded on the Individual Insolvency Register, which is publicly accessible.Am I eligible for a Debt Relief Order (DRO)?
To be eligible for a DRO, you must meet these criteria:
Your disposable income post debt repayment is £75 or less
You are not currently bankrupt, have an interim order, or an IVA
You do not owe more than £50,000 in unsecured debt
You’ve lived or worked in England or Wales in the last 3 years
You cannot make the minimum payments offered by your
original creditor
You do not own any assets with a value of over £2,000
Your car, if you own one, has a value of less than £4,000
You’ve not had a DRO in the last 6 years
Is a DRO right for you?
There’s lots to consider when choosing a debt solution. Speaking with an adviser can help you understand your options and decide whether a DRO is right for your situation.The Debt Advice Service help over 15,000 people in the UK every year!
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Safe, secure & confidentialOur 5 step process
GET STARTED
Answer questions about your financial situation
SPEAK TO AN ADVISER
Chat to one of our team who will talk you through your situation and provide realistic options
LEAVE IT TO US
The team will listen to your goals, find a solution and be with you all the way
TIME TO THINK
There’s no pressure from us to make a quick decision, and we’re here when you’re ready to move forward
TACKLE YOUR DEBTS
We’ll either continue your application via our in-house insolvency practitioner or put you in contact with a trusted partner to progress your application further
The Debt Advice Service
We’re here to help you find out what your options are and to talk you through them in plain English.
The Debt Advice Service will provide you with information on all relevant debt solutions that may be available for you to make an informed choice based on your circumstances. If you wish to pursue a particular debt solution, we’ll either continue your application via our in-house insolvency practitioner or put you in contact with a trusted partner to progress your application further.