Debt Arrangement Scheme
Learn more about Debt Arrangement Scheme in Scotland
What is a Debt Arrangement Scheme?
Under a Debt Arrangement Scheme (DAS) you can apply for a Debt Payment Programme (DPP) which allows you to pay off your debts over a period of time. If your circumstances change you can apply to vary the terms of the DPP. You must seek the assistance of a Money Adviser before you can apply for a DPP.
How does a Debt Arrangement Scheme work?
You’ll keep making reduced repayments until you have repaid your debt in full which will take longer as you will be making reduced payments.
The DAS is not available if you live in England, Wales or Northern Ireland. In these countries, a Debt Management Plan (DMP) is a similar solution although with different features, costs and associated risks.
Benefits and Considerations of a Debt Arrangement Scheme
Benefits of a Debt Arrangement Scheme
- Interest and Charges are frozen if the debt payment plan is accepted
- It is legally binding on your creditors
- Any assets you have are protected
- You don’t have to pay an administration fee for the running of the DPP
Considerations of a Debt Arrangement Scheme
- Your details will be registered on a public register (DAS Register)
- Your credit rating will be affected
- If you don’t keep up the repayments the DPP could fail and your creditors could add interest and charges and take further action
Other Scottish Debt Solutions
Solutions for unsecured debts
Debt solutions can help with many unsecured debts including:
Council Tax Arrears, HMRC debt & benefits overpayment
Payday loans, bank loans & overdrafts
Credit cards, store cards & catalogues
Bailiff Enforcement & Debt Collector Action
County Court Judgments (CCJs) & Attachment of Earnings
Creditors in the UK
Overcome problem debt with major creditors in the UK including:
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Speak to a debt help expert now on 0161 823 4974 or complete the form to book a call back.
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Service you can trust
We pride ourselves on delivering the highest level of service to help people find a solution to overcome problem debt.
Read real reviews of our service on Trustpilot.
Start your journey today and see which solution suits your needs.
Speak to a debt help expert now on 0161 823 4974 or complete the form to book a call back.
They helped us immensely throughly would absolutely recommend them.
C Garrard, Trustpilot 5*
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This may not be suitable in all circumstances. Fees apply. Your credit rating may be affected.
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Complete the form and book a call back with an expert advisor.
All financial solutions are subject to eligibility and acceptance. Fees may apply.
Free debt counselling, debt adjusting and providing of credit information services is available. You can find out more by contacting Money Helper.
Free debt counselling, debt adjusting and providing of credit information services is available. You can find out more by contacting Money Helper.