Access Associate Benefits of Debt Relief Order Repayment Plan

If you are struggling with low economic situation and unable to manage finance for making payments then you should move towards alternative repayment plans. People generally chose bankruptcy when they find they are unable to afford their payments. Debt experts say that before selecting any repayment option it is wise decision to compare other alternatives. Debt relief order is an efficient way to avoid bankruptcy. You can choose this formal option to clear your debts in full.

DRO offers wide range of benefits to eliminate debts such as:

Legally Protected: DRO provide legal protection to debtors who are unable to manage their payments. People often face an irritating and stressful situation due to harassing collection calls and letters made by creditors. Those who are unable to manage debts should go for DRO to avoid such situations. DRO provide legal binding on debts and creditors are no longer allowed to take any harassing action against debtor.

Affordable Payments: Debt relief order is available only to those who have low level of income. People who have left less than ?50 at the end of the month after spending on household expenses are eligible for this repayment option. This option is designed to help people who are unable to afford their payments. DRO cost is just ?90 that is quite low in comparison of bankruptcy that is ?750. Your payments and interest rate also freezes for a period of 12 months. All these things will help to make payments easier and affordable.

Fixed Period: DRO applied only for 12 months whereas it?s alternative IVA available for 5 years. Once DRO period gets over then your debts will be written off in case of no improvements in your financial situation.

Alike any other debt solution, it is necessary for you to get information about DRO from debt experts. Compare this option with other alternatives as well as your financial situation to verify that whether it is right for you or not.

For more information about Debt Relief Order, Visit - http://www.debtconsolidation247.co.uk/debt_relief_order.html

Contact:

239 Ilford Lane

Ilford, Essex

IG1 2SB

T: 02079935898

F: 02079935133

E: support@debtconsolidation247.co.uk

Source: http://www.briefingwire.com/pr/access-associate-benefits-of-debt-relief-order-repayment-plan

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