do not have enough money left at the end of the month to make your debt repayments.
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.
