Debt Relief Orders (DROs)

A Debt Relief Order (DRO) is a form of insolvency for people that have little disposable income (less than £50 a month), few assets (less than £300) and debts of £15,000 or less. During the time the debt relief order is in place (normally a year), none of the people that are owed money (creditors) can take action to get their money back, and at the end of the period, all the debts listed in the order will be written off.

How Long is This Data Held on Your Credit Report?

Information regarding debt relief orders will remain on your credit report for 6 years after the date the order was made.