When looking for a debt solution, it can be difficult to find the right one for you. IVAs and debt relief orders are commonly mentioned, but there are some slight differences between the two. IVAs are a better option for those people who might not meet the criteria for a DRO, for example, where a car is worth too much, their DI is too high or they are a homeowner. IVAs involve monthly payments being made over the space of 5 to 6 years, whereas DROs require a one-off payment of £90. DROs are more suited to those who don’t have any assets and are unable to pay their debts. This individual will also have unsecured debts of under £30,000. A positive to a DRO is that it only lasts a year. However, it will still be mentioned on your credit file for six years.