Debt Arrangement Scheme (DAS)
What is the Debt Arrangement Scheme in Scotland
The Debt Arrangement Scheme (DAS) is a scheme set up by the Scottish Government to help people pay back their debts in a manageable way without the threat of court action from the people they owe money to (creditors).
Under DAS you can set up a debt payment programme (DPP) and make one regular payment into the DPP which is then divided up and sent to your creditors.
You can apply for a DPP with any amount of debt.
You can also apply for a DPP with your spouse, civil partner, or cohabiting partner if you are both liable for at least one debt.
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The Debt Arrangement Scheme (DAS) might be an option for you if the following are true:
The advantages of the Debt Arrangement Scheme (DAS) are:
The disadvantages of the Debt Arrangement Scheme (DAS) are:
There are a number of other things to think about when considering setting up a debt payment programme (DPP) under DAS, such as the length of time you will have to pay contributions and the costs of setting up a DPP.
One of the main reasons for setting up a debt payment programme (DPP) under DAS is that you have enough money to pay off your debts in a reasonable time. There is no definition of what a reasonable time is. Ultimately the Accountant in Bankruptcy will decide whether the proposed length of time for payments is reasonable when he considers your application for a DPP. As a general rule, more than 10 years might be unlikely to be reasonable unless all your creditors are happy with this.
If your circumstances change during the lifetime of your DPP, you can apply to change the amount of contribution that you are making. Also if you have a temporary drop in income, for example because you have lost your job or you are ill, you can apply for a payment break for up to six months. The period of time that you are unable to make payments for is added on to the end of your DPP. You can also apply for a one month crisis payment break if you have an emergency that means you can’t make a payment. You can have up to two crisis payment breaks in a 12 month period.
It is free for an individual to set up a debt payment programme (DPP) under DAS. Money advisers are no longer allowed to charge you a fee for helping you to apply for a DPP under DAS. You don’t have to pay an administration fee for the running of the DPP. Your creditors do have to pay this fee though.
Simply complete the form to see if you qualify for any of the available debt solutions.
A friendly & experienced advisor from DSD will contact you to discuss yourc ircumstances.
They will explain all your options, so that you can decide which solution works best for you!
An informal arrangement between you and your creditors that lets you make lower monthly payments, whilst still paying the total amount of debt.
A formal agreement between you and your creditors. You make affordable monthly payments over fixed period with debt written off at completion.
A Debt Relief Order (DRO) is a formal debt solution for those who have no assets such as car or property. Eligibility criteria does apply.