Write off a portion of your debt with a DRO

If you are struggling with your debts and have no way of paying them back, then you might qualify for a Debt Relief Order.

As a UK resident you have the right to debt relief through a variety of solutions and you could be eligible to write off part of what you owe.

A Debt Relief Order is a legally binding solution that allows you to stop making debt repayments and is designed to be an alternative to bankruptcy.

With a DRO you do not need to make any payments to your lenders for 12 months, and the debt within your DRO is usually written off after the 12 months if your situation doesn’t improve.