helping the people of Willenhall become debt free

                                      © 2012 Bridging the Gap, Reg’d Charity 1093921            1/12

Web design: Roger Wilcox

A NEW WAY TO DEAL WITH DEBT

We have recently expanded our range of money advice services. Don Brown, one of our two money advice workers, is now able to approve Debt Relief Orders. Don is an approved intermediary of the Insolvency Service for Debt Relief Orders (DRO's). In some circumstances this provides a good solution for dealing with unsecured debt.

Debt Relief Orders

'DRO's are suitable for people who have no realistic means of clearing their debt due to an adverse change in circumstances with little likelihood of an improvement in the longer term.

If you do not own your own house, have assets worth less than £500 and less than £50 per month to spend after paying all your household expenses, then you may be eligible for a DRO.

The maximum level of debt which can be included in a DRO is £15,000. There is a fee to pay to the Insolvency Service of £90. A DRO is a serious matter, equivalent to bankruptcy, and you should be aware that your credit rating will be affected for several years after completion. If you want to see if you are eligible for a DRO, then pop into Bridging The Gap to make an appointment to see one of our advisers or give us a call on 01902 606615.

We are approved by the Office of Fair Trading (OFT) as a Free to Client Money Advice Service.