A Debt Relief Order is an insolvency procedure you can apply for if you cannot afford to pay off your debts. It is a cheaper option than going bankrupt, generally costing about £90.
In a Debt Relief Order you state your inability to pay your debts and if your circumstances do not change for 12 months any debt included in the Debt Relief Order will be legally written off. None of the creditors listed in the Order will be able to take any action against you. Details of your DRO will be recorded on a public register.
You must have debts of less than £20,000, less than £50 disposable income (money left after paying all household bills and living costs) and have less than £1,000 assets.
To apply for a Debt Relief Order, you'll need to identify whether you meet the conditions to apply.
If you do not qualify for a Debt Relief Order there may be other suitable options that we can help you with. Give our team a call to see what your options are.
Only certain types of debt can be included in a Debt Relief Order.
If you have a hire purchase or conditional agreement you may have to return the goods bought with these loans, unless someone else can pay the instalments. You will not be able to carry on paying for the goods once you have a debt relief order.
Certain types of debt can't be included in a debt relief order. You must pay these separately as action can still be taken against you. These include:
If you are interested in applying for a Debt Relief Order or discussing a Debt Relief Orderwith one of our advisors please call us.
All of the debts that are listed on your order will be written off and you will no longer have to pay them.
You can get free debt advice from the Money Advice Service – an organisation set up by the Government to offer free and impartial advice to those in debt. Click here for more information.
We are happy to provide you with debt advice only. We only charge a fee if you opt for one of our debt solutions. Fees will depend on which debt solution we provide and what your personal circumstances are. All fees will be discussed prior to commencement of any service or debt repayment plan.
Please note: From time to time we may refer you to other services providers or charities such as the CAB.
I will be forever grateful to National Debt Relief for getting my life back. I would recommend this company to anyone that is in bother. Call them and they will do all they can to help you.
If you have any questions about your problem debts you can have an online chat with one of our expert debt advisors.
You can chat to us via your computer or mobile device 6 days a week from 8am - 8pm, Mon - Sat