DRO Debt Solution

A Debt Relief Order, or ‘DRO’, is an agreement that is put in place for those with little to no spare income, who don’t own their home and have a debt of £20,000 or less to deal with debts that cannot be paid off in a timely manner.

At Personal Debt Support, we’re not here to judge, we are here to help. Having the ongoing thought of debt in the back of your mind can cause great disruption to your daily life. That’s why our team of specialists are here to help find the best possible financial solution for you.

You can qualify for A DRO if you live in England, Wales or Northern Ireland and currently do not have a mortgage or own your home. A DRO cannot be set up yourself, that’s why it is important to speak to a financial adviser like the team here at Personal Debt Support who are qualified to talk you through all the details to help you manage your case.

 

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DRO Personal Debt Support
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DRO Personal Debt Support
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How a DRO could benefit you

A Debt Relief Order will last for a period of 12 months. If your financial situation does not improve during this period then the debt that’s listed on the DRO will be written off.

If your financial situation does change, however, even if it’s just enough to lift you over the eligibility criteria, then your debt relief order will most likely be revoked. This will allow you the breathing space to make you to make repayments toward your debt again.

It should be noted that taking out a DRO can affect your ability to obtain credit. This also may stop you from obtaining some contract-based products.

To get the application process started and be on your way to managing your finances, get in touch with Personal Debt Support.

Frequently Asked Questions

No that won’t matter. The DRO Unit of the Insolvency Service will only refuse your application if you are bankrupt and currently in an IVA or you have had a DRO in the last six years.

Your DRO Adviser will want some proof of your income. They may be happy to accept wage slips or any benefit letters. This does vary from case to case.

Tell your appointed DRO adviser. If your only income is from benefits, this won’t matter, you will definitely qualify for a DRO.

Contact Personal Debt Support

To find out more about DRO and your eligibility for this debt management solution, contact Personal Debt Support today. Let us help you on your journey to being debt-free.