For some, a Debt Relief Order can provide a great pathway out of debt. But it can have quite an impact on your life. Read on to find out what these areas of impact are and how they could affect you individual circumstances.
Debt Relief Order FAQs
Once agreed, a Debt Relief Order (DRO) provides the candidate with a 12 month period, known as the ‘moratorium’. The idea is that, during this time, your creditors are unable to chase your debt and you are not obliged to make any payments. Read on to find out what happens once that 12 month period has ended.