IS A DEBT RELIEF ORDER RIGHT FOR YOU? Debt Relief Order (DRO) Explained
Автор: Tembie
Загружено: 2022-01-25
Просмотров: 1621
Описание:
A Debt Relief Order is a debt management solution that can allow your debts to be written off. It's a Low cost alternative to bankruptcy and to bankruptcy and it’s for people who can’t realistically afford to pay their debts.
It freezes your debt for 12 months. During the 12 month period, creditors are forbidden from taking any action against you and stop asking you for payments. If your circumstances haven’t changed after 1 year, your debt is written off.
Timestamps:
00:00 - Intro
01:04 - What is a Debt Relief Order?
02:00 - Conditions & Consequences of a Debt Relief Order
03:46 - How to set up a Debt Relief Order
04:31 - Is a Debt Relief Order right for you?
06:04 - What Debts can & can’t be written off with a Debt Relief Order?
07:00 - How does a DRO affect your day to day financial life
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Disclaimer:
All information in the video is merely for educational and informational purposes. It is not intended as a substitute for professional advice.
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