your debt advisor

Debt Relief Order (DRO)

No repayments for 12 months and 100% of debts written off.

Check Your Eligibility
  • Combine eligible debts into one monthly repayment.
  • Debt freedom after only 12 months.
  • Relax knowing your debts are under control.
Rated as 'Excellent' by our customers
reviews.io 5 star rating for iva

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

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Rated as 'Excellent'
reviews.io 5 star rating for iva
5 star rated by customers on reviews.io

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. Please note that we have no affiliation with Money Helper.

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.

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 Debt Relief Order 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.

So a Debt Relief Order could be ideal if you cannot afford to make any repayments towards debts that are eligible to be covered by a DRO.

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

  • Owe less than £50,000, and
  • Have less than £2,000 worth of valuables or/and assets combined,
  • Must own a vehicle worth less than £4,000, and
  • You do not own your home, and
  • Are not currently bankrupt, or in an IVA and have not had a DRO in the past 6 years, and
  • 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 get started

Debts we can help with

This is not a full list of the debts that can be included in a Debt Relief Order, 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

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

Click Here To Get Started

5 Star Rated By The People We’ve Helped.

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 are eligible

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 Debt Relief Order asked questions.

A Debt Relief Order 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 Debt Relief Order 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: Dissolve Debt Ltd, Paul House, Stockport Road, Timperley, Altrincham, Cheshire, WA15 7UQ

Registered office: Dissolve Debt Ltd, Paul House, Stockport Road, Timperley, Altrincham, Cheshire, WA15 7UQ

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Yourdebtadvisor.co.uk is a trading style of Dissolve Debt Limited who are authorised by the FCA and facilitate Debt Management Plans (DMP).

In the event that Dissolve Debt do not have the capacity to deal with your enquiry, it will be processed by our panel of trusted 3rd party companies. These companies have in-house advisors who will go through all appropriate debt options, products and solutions available to help gain the best outcome for your individual circumstances. Our panel of 3rd party providers are fully regulated in the UK by either the Financial Conduct Authority (FCA), Insolvency Practitioners Association (IPA) or the Institute of Chartered Accountants in England and Wales (ICAEW) and cover all solutions for England, Wales, Northern Ireland and Scotland. All providers are listed on our Privacy Policy.

Money Helper is an important service set up by the Government. They provide free debt counselling, debt adjustment and credit information.
Click here to contact Money Helper. Please note that we have no affiliation with Money Helper.

Are you ready to put an end to outstanding debt?

  • A single monthly repayment
  • Stop creditors/bailiffs contact
  • Stop interest and charges
  • Write off unaffordable debt
Get Started Today

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