You cannot complete the application on your own. If a DRO is suitable, the debt adviser will complete the application for you. Use the Money Helper website to find more information about organisations who offer free debt advice. It is free to get help and speak with a debt adviser. The debt adviser will confidentially go through your situation with you to help you find the best solution. Please speak with a debt adviser to find out what options are available to you. You cannot apply for a DRO if you live in Scotland or Northern Ireland. are not currently bankrupt, have an interim order or an individual voluntary arrangement.have lived or worked in England and Wales in the last 3 years.do not have enough money left at the end of the month to make your debt repayments.own a vehicle worth less than £2,000 (if you were to sell it today).have savings or valuable items worth less than £2,000 in total.The debt adviser will help you figure this out.
They will assess your situation and look at your income, debts, and belongings.ĭo not worry if you do not know exactly what you owe or what your monthly expenses are. The debt adviser will check if you meet the eligibility criteria – free of charge. You have to contact an approved debt adviser to apply for a DRO. After the 12 months, you will not have to pay these debts anymore.Ī DRO stays on your credit reference file for 6 years from the date it was approved, which is the same for other debt relief options. If approved, you stop making payments towards the debts (and interest) listed in the DRO during that time. You apply through an approved debt adviser and have to meet certain eligibility criteria.Ī DRO normally lasts 12 months. A Debt Relief Order (DRO) is a solution to deal with personal debts you cannot pay.
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