A Debt Relief Order might be just what you need
One of several debt solutions available these days, a Debt Relief Order (DRO) could be the best way for you to get out of your cycle of debt. If you qualify for a DRO, you will be able to say goodbye to phone calls and letters from creditors for at least a year, and you can start to look forward to a happier, more contented life.
Not everyone will qualify for a DRO, it should be noted. It won’t be available, for example, if:
- You live in Scotland
- You’re a home-owner
- You have a debt level over £20,000
- You’re already going through another insolvency procedure
Essentially, a DRO will freeze those debts that are included in the procedure, and after a year they will be written off. Debts that qualify involve things like credit cards, overdrafts, loans, rent arrears, HP agreements and overpayments of state benefits. For many people, the DRO offers a cheaper alternative to bankruptcy.
No more hassle from your creditors
Perhaps the most rewarding aspect of a DRO is that those creditors that have been plaguing you won’t be allowed to make contact with you during the 12-month period. We at PDS know how stressful it can be to be stuck in a cycle of debt, and the anxiety can be heightened every time the phone rings or a letter pops through the front door. If you have a DRO, you will usually find that it eases the stress levels in no time.
You won’t be allowed to apply for a DRO yourself; you need to engage an authorised debt advisor to do it on your behalf. Here at Personal Debt Support, we can take you through the whole process with you, and can give you invaluable advice right from the start. We’ve helped so many people just like you in the past, and we continue to offer a helping hand to those who need it most.
To find out more about a Debt Relief Order and whether it’s the solution that you’ve been looking for, call our friendly team today. We’re available on 0141 380 0578, and we look forward to hearing your story. With our support, peace of mind could be just around the corner, so make that call soon.