Tag Archives: dro

Debt Relief Orders (DROs) – everything you wanted to know but were afraid to ask

posted by in Living with debt 130 Comments

20130131_144002Statistics released today revealed that the number of people applying for DROs is higher than bankruptcy. Even though they’re increasing in popularity they’re still not as well-known as their insolvency brothers, IVA and bankruptcy. Continue reading »

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Can I get my creditors to freeze interest and charges?

posted by in Living with debt 3 Comments

Interest and charges can quickly add up

Interest and charges can quickly add up

No debt management provider can guarantee that they will stop interest and charges.

The only way you can be 100% assured that you won’t get further charged is if you opt for a legally binding debt solution, such as bankruptcy, IVA (individual voluntary arrangement) or a DRO (debt relief order). Continue reading »

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What happens if I win the lottery while I’m in debt?

posted by in Living with debt Leave a comment

Check those numbers

A way out for those in debt? Probably not…

Friday’s EuroMillions draw is for a cool £23 million. Only last week a couple from Cambridgeshire won £101 million. But what happens to you if you win the lottery while you’re in a debt solution?

It’s a tongue-in-cheek comment we hear numerous times a day when we’re sorting out a client’s budget and ask if they’re due to come into money in the next 12 months.
Continue reading »

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