Services
DRF Solutions do not provide advice and are solely a lead generation firm. We will provide information on solutions and refer you to a third party to discuss further.
Individual Voluntary Arrangements
With an IVA you pay what you can afford, for a fixed amount of time. When you successfully complete your IVA, any debt you have not paid back will be written off.
You and the people you owe agree to terms that protect you both during your IVA. This is a flexible solution that can help you make a fresh start.
We are here to help, we will refer you to a firm who will set up your IVA.
Debt Management Plans
A Debt Management Plan (DMP) is a repayment program set up through a credit counseling agency to help you pay off unsecured debts (like credit cards or medical bills). You make one monthly payment to the agency, which then pays your creditors—often at reduced interest rates and fees they negotiate for you.
It simplifies payments, and helps you become debt-free, but you need to stick to the plan and your accounts may be closed while you’re in it.
Secured Loans
A secured loan is a loan backed by collateral—something valuable you own (like a house, car, or savings). If you don’t repay, the lender can take the collateral to recover their money.
Because it’s less risky for lenders, secured loans usually offer lower interest rates, higher borrowing limits, and longer repayment terms compared to unsecured loans.
Bankruptcy
Bankruptcy is a formal legal debt solution available to individuals who are unable to repay the money they owe. It is often considered when debts have become unmanageable and other repayment options are no longer suitable. Once declared bankrupt, most unsecured debts such as credit cards, loans, overdrafts, and utility arrears may be written off, giving the individual an opportunity to make a fresh financial start.
However, bankruptcy can have serious consequences. Valuable assets, such as savings, investments, or property, may be sold to repay creditors.
Debt Relief Order
A Debt Relief Order (DRO) is a formal debt solution designed for individuals with low income, few assets, and relatively low levels of debt who are unable to repay what they owe. It can provide protection from creditors and, if your financial situation does not improve during the DRO period, qualifying debts are usually written off after 12 months.
A DRO can be a more affordable alternative to bankruptcy, as it is intended for people with limited means. However, eligibility criteria apply, including limits on debt levels, assets, and disposable income. A DRO can also affect your credit rating and may impact your ability to obtain credit in the future.
Experience You Can Trust
At DRF Solutions, we are committed to guiding individuals through their debt challenges. With over 30 years of industry experience, our expertise empowers clients to make informed decisions about their financial futures.
​
We are an introducer and do not give debt advice or assess suitability. If you consent, we may pass your details to a partner firm who will discuss options with you and confirm any eligibility. We’ll tell you who the partner firm is and their regulatory status before we share your details
