How Many Debt Relief Orders Can I Have? Quick Answer & FAQs
For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.
For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.
Are you asking, ‘how many debt relief orders can I have?’ You’ve come to the right place. This article will help you understand your options if you’re dealing with debts and already have a Debt Relief Order (DRO).
Each month, over 170,000 people visit our website looking for guidance on debt solutions. You’re not alone.
In this article, we’ll explain:
- What a Debt Relief Order is and how it works
- The rules about how many DROs you can have
- What to do if your DRO was cancelled
- Other options for managing your debts
- How to deal with unaffordable debt
We know the worry that comes with dealing with debts and DROs; some of our team have been in the same situation. We’re here to help you understand your options.
Do Debt Relief Orders Cover More than One Debt?
Yes, your Debt Relief Order will be used to cover all the debts you have at that time. You do not need a Debt Relief Order for each debt.
How Many Debt Relief Orders Can I Have?
There is no limit to the number of Debt Relief Orders you can have. However, it is not that straightforward.
Once you have had a Debt Relief Order, you will not be able to apply for another one for the next six years. Technically, you can have as many Debt Relief Orders as you need (although you probably won’t get them all accepted), but you can only have one Debt Relief Order within a six-year period.
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My Debt Relief Order Was Cancelled, Can I Get Another?
Some people have a Debt Relief Order accepted but then it gets cancelled because their finances improve and they don’t need it any more.
Even in this situation, you will not be able to get another Debt Relief Order within six years of getting the previous one accepted.
However, the fact that your finances improved and you didn’t wipe your debt through the Debt Relief Order could help you to secure another one in the future.
How a debt solution could help
Some debt solutions can:
- Stop nasty calls from creditors
- Freeze interest and charges
- Reduce your monthly payments
A few debt solutions can even result in writing off some of your debt.
Here’s an example:
Situation
Monthly income | £2,504 |
Monthly expenses | £2,345 |
Total debt | £32,049 |
Monthly debt repayments
Before | £587 |
After | £158 |
£429 reduction in monthly payments
If you want to learn what debt solutions are available to you, click the button below to get started.
Is It Hard to Get Two Debt Relief Orders?
It can be difficult to get two or more Debt Relief Orders. But the difficulty is not in the application or getting them accepted. The problem is that you are not likely to get more credit, and therefore more debt, if you already had all your debts wiped in your first Debt Relief Orders.
After having a Debt Relief Orders, it stays on your credit file for six years. Every time you apply for another loan, credit card or other credit, the lender you apply to will see that you have a Debt Relief Order and is less likely to lend to you.
If they are less likely to give you credit, there is not much chance of getting in debt again. And thus, you wouldn’t have any need for a second Debt Relief Order.
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How Many Debt Relief Orders Can I Have? (Quick Recap!)
You can have more than one Debt Relief Order in your lifetime, but it is usually difficult to get more than one because you are unlikely to receive credit after the first one.
But if you do find yourself in a situation where you need another Debt Relief Order, it is possible. You can apply for another Debt Relief Order if your last Debt Relief Order was granted over six years ago.