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Debt Relief Order (DRO)

Become debt free in 1 year with no repayments.

May not be suitable in all circumstances. Fees and disadvantages may apply, learn more here. Your credit rating may be affected.

  • Get Started

    Find out if you are eligible.

Money Helper (formerly The Money Advice Service) is a free service set up by the Government to help people make the most of their money. If you would like to learn more click here.

Your journey to financial freedom starts here.

1. Speak to our team.

Our experienced advisors are waiting to help you start dealing with your debts.

2. We guide you.

Receive no-obligation advice and find out more about the debt repayment plans available to you.

3. Ongoing support.

Our advisors will support and guide you throughout your journey to debt freedom.

Find out if a DRO is the right debt management solution for you.

As with any debt agreement, it’s important that you seek professional advice before committing.

A DRO is a formal debt solution whereby you cease to make payments towards your included debts for a period of 12 months.

If after this time your financial position has not changed and you still can’t make any contributions towards your debts, all of your debts are written off in full.

A DRO could be ideal if you cannot afford to make any repayments towards debts that are eligible to be covered by a DRO. For a period of 12 months all repayments along with interest and fees are paused. If after this time your financial position has not changed and you still can’t make any contributions towards your debts, all of your debts are written off in full.

As with any formal debt solution, it is important that you speak to an debt professional to ensure that you fully understand the implications of a DRO.

To be eligible for a DRO you must meet the following criteria:

  • Owe less than £50,000
  • Have less than £4,000 worth of valuables or/and assets combined.
  • Are not currently bankrupt, or in an IVA and have not had a DRO in the past 6 years.
  • You do not have enough money left over each month to repay your debt commitments.

Below are the main advantages of entering into a DRO. To learn more, please get in touch.

  • Make no repayments – make no repayments towards the debts included in your DRO.
  • Lasts for 12 months – debts covered by your DRO are written off after only 12 months.
  • No more charges or interest – charges and interest are frozen.
  • Stop creditor contact – legal protection stopping your creditors taking any further action against you.

Below are the main disadvantages of entering into a DRO. To learn more and see how a DRO could impact you, please get in touch.

  • Credit rating affected – as with any formal debt solution, your credit rating will be affected for 6 years.
  • Public register -details of your DRO will be entered onto a public register.
  • Can’t include all debts – not all debts can be included in a DRO – any debts not covered will need to be dealt with separately.
  • Not available to homeowners – if you own your own home you will not be eligible for a DRO.
Learn more and find out if you qualify

Debts we can help with

This is not a full list, please get in touch to see what other debts can be included.

  • Credit Cards
  • Overdrafts
  • Unsecured loans
  • Council tax
  • Payday loans
  • Catalogues
  • CCJ's/HMRC
  • Gas/Electric/Water
  • Credit Cards
  • Overdrafts
  • Unsecured loans
  • Council tax
  • Payday loans
  • Catalogues
  • CCJ's/HMRC
  • Utilities

Get started

May not be suitable in all circumstances. Fees and disadvantages may apply, learn more here.

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How much would my repayments be if I enter into an IVA?

If you have more than £6,000 debt and can afford to make a regular monthly repayment towards clearing them, there is a good chance that an IVA would be a good solution for you.

With an IVA you make a single monthly, affordable repayment towards all included debts for, typically, a 5 year period. After this time any remaining debts are usually written off in full.

Repayments based on what you can afford and NOT what you owe.

Learn more and find out if you qualify

A real life IVA example* –

  • Credit Cards - £312 per month (£7,671 total debt)
  • Personal loan - £368 per month (£6,161 total debt)
  • Utility Arrears - £150 per month (£253 total debt)
  • DWP - £0 per month (£1,376 total debt)

Total debt – £15,461

Old repayment - £830

New repayment - £125

* We assess each customer individually based on their circumstances and payments to the IVA are based on what is realistic and affordable.

Frequently asked questions.

A DRO creates a legally binding agreement between you (the debtor) and the people/companies you owe money to (your creditors).

If you do not have enough money left over at the end of each month to repay your debts once all of your living expenses have been paid, a DRO could be suitable for you.

In general, a DRO will not have any impact on your job. However, in some professions, such as accountancy and solicitors, entering into a debt management solution could mean that you are unable to practice or will be able to only under certain conditions.

All debt solutions will have an impact on your credit score.

Details of your debt solution will be entered onto your credit record and will remain there for a period of usually 6 years.

As of June 28, 2024, there is no fee for applying for a Debt Relief Order.

Registered office: Second Floor A, Cheadle Place, Cheadle, Cheshire, England, SK8 2JX.

Registered office: Second Floor A, Cheadle Place, Cheadle, Cheshire, England, SK8 2JX.

© 2024 Advice Centre Group Ltd.

www.yourdebtadvisor.co.uk is a trading style of Advice Centre Group Ltd registered in England and Wales (14322979). Registered office: Second Floor A, Cheadle Place, Cheadle, Cheshire, England, SK8 2JX. 

Advice Centre Group works in reasonable contemplation of ivas. If you decide on another solution other than an iva we will pass you to our partner Dissolve Debt Limited, which is authorised and regulated by the Financial Conduct Authority to provide debt advice, firm reference number 662423. 

Entering into a debt management plan, you will be made aware of any fees before you contract into any agreement, and you will be given plenty of time to think about what you want to do before making a decision. At no stage are you under any obligation and you are always protected by your consumer rights.

Adam Southard is authorised as a Licensed Insolvency Practitioner in the United Kingdom by the Insolvency Practitioners Association, We only provide advice after completing or receiving an initial fact find where the individual(s) concerned meet the criteria for one of our insolvency solutions, therefore, all advice regarding Individual Voluntary Arrangements (IVA) is given in reasonable contemplation of an insolvency appointment.

Adam Southard is licensed to act as an Insolvency Practitioner in the UK by the Insolvency Practitioners Association. Office Holder No. 11930

Insolvency Practitioner Directory- Insolvency Practitioner Details (bis.gov.uk)

What you need to know about Individual Voluntary Arrangements (Insolvency Service)

We provide solutions to individuals throughout the UK, We Will help recommend solutions available, tailored to your circumstances in which you can then make an informed decision about which solution you qualify for.