Tag Archives: Debt Relief Order

in Debt Management, Debt Relief Order

D.R.O – FAQs

Can I use a DRO for payday loan debt? Payday loans are known for their high interest rates. If you can’t pay them back on time, the costs can really start climbing. A DRO could help with this, as payday loans can be included. While the DRO is running, all interests and charges on your […]

in Debt Management, Debt Relief Order

How do I apply?

There’s no need to go to court to apply for a DRO, however, you can only apply through an Approved Intermediary (in other words, an individual with the necessary permission to handle applications), such as the 2nd Chance Group. A DRO has a one-off £90 application fee payable to the Insolvency Service, and this can […]

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