What is Debt Relief Order?
A Debt Relief Order (DRO) is a debt management solution where the debt is written off if you have a low level of debt and have only a few assets. This solution is available only in England, Wales and North Ireland. While applying for the Debt Relief Order, you should be a working resident of the country England, Wales and North Ireland at least for three years. This will give you eligibility to get qualified for DRO in a safe and a legal way.
If you are having too many debts and are not able to repay back on time, then you can avail of this debt management solution where if your financial situation hasn’t changed by the end of the period then all debts will be written off, this period could be for almost 12 months. This agreement comes with a fixed period of time without any public interference. The DRO will freeze your debt payments and if you are having lesser income and fewer assets, with debt amount of £20,000, then you can overcome your debts in a very convenient way at SwiftDebtAssist.