A debt consolidation loan combines several debts into one new loan, but you still repay the borrowing and may pay more overall if the term or interest rate is higher. A Debt Relief Order (DRO) is a formal insolvency solution for people who meet specific eligibility rules relating to debts, income and assets; included debts are usually written off after the order period, subject to the rules. A DRO can affect your credit record and has restrictions, so check the latest criteria on GOV.UK before applying. If you are unsure, consider free debt advice from an FCA-authorised organisation such as StepChange or National Debtline.