Debt Relief Orders: benefits and restrictions
A Debt Relief Order (DRO) is aimed at people with lower levels of debt, little spare income and low-value assets. Payments are frozen and qualifying debts may be cleared after 12 months.
Potential benefits
- ✓No monthly payments to creditors
- ✓Qualifying debts may be cleared after 12 months
- ✓Strict eligibility limits on debt, income and assets
Important considerations
- Strict limits apply to your debts, spare income and assets
- A DRO affects your credit file and appears on the public Insolvency Register
- Borrowing is restricted and the order can be revoked if your circumstances improve or information is incomplete
Check if you could qualify for a DRO
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Why do we ask this?
Your total debt amount helps us match you with solutions designed for your level of borrowing.
Clear Debt Help is a lead generator, not a debt solution provider. If you submit your details and give consent, we pass them to third-party partner firms that provide debt solutions. We may receive a fee from a partner for the introduction. If you enter a debt solution, fees may apply and will be explained by the provider before you proceed.
To find out more about managing your money and getting independent support, visit Money Helper, an independent service set up to help people manage their money.