How does it work?
If your debts have spiraled out of control and you think you’ll never be able to repay them, you can request a Debt Relief Order – which freezes your debts for a year, then writes them off completely if there’s no change to your financial situation.
A Debt Relief Order can be used to cover things like overdrafts, rent, council tax and credit card bills, but not for student loans, magistrates’ court fines or child support and maintenance arrears.
You can only apply for a DRO through an approved person known as an intermediary. If you’re eligible, it’s granted by an Official Receiver. And from then on, you make no further payments to the people you owe money to.
DROs can be one way to deal with your debts if you don’t own your own home or have much spare income available. But they’re only granted in extreme circumstances, when there’s little chance of clearing your debts any other way.
So before applying for a DRO, it’s a good idea to get advice from a free, independent and expert service like ours.
Get in touch with our team today by calling 0808 164 2480 or filling in our short assessment form.
What to expect
- We’ll use the information you’ve given us on the phone or in your assessment form to establish the nature and urgency of your debt.
- We’ll book you in for a face-to-face appointment at your nearest centre – or a telephone advice session if required – so we can give you a detailed analysis of the help available to you.
- We’ll discuss your options and talk through the pros and cons of each.
- We’ll establish the best possible solution and help you to resolve your debt – whether that’s by means of advocacy, representation or negotiation on your behalf, or by helping you write letters and supporting you throughout the process.
Every year, we help thousands of people to become debt-free.
Debt Free London is a partnership of 26 debt charities led by Toynbee Hall, which provides free, trustworthy advice sessions across London. Our service is funded by the Single Finance Guidance Body (previously Money Advice Service) and we’re authorised and regulated by the Financial Conduct Authority.