Debt Arrangement Scheme

Take control of your
finaces with a DAS

Get out of debt with a
Debt Arrangement Scheme

A Debt Arrangement Scheme (DAS) is designed to help Scottish residents repay debts through a debt payment plan.
With a Debt Arrangement Scheme, you will be able to pay off debts over an extended period, whilst giving you protection from your creditors taking action against you.

Dependant on your circumstances, we may refer you to a Debt Arrangement Scheme provider. Once you’ve entered a DAS, all interest and charges will be frozen and your creditors will no longer be able to take legal action against you, providing you continue to follow your agreement and monthly payments.

If you find that your circumstances change during your agreement and you have a reduction in your income, it may be possible to take a payment break for up to 6 months.

Debt Arrangement Scheme (DAS)

After completing a debt assessment, if we find that an IVA is not a viable option for you, but a DAS could be suitable for you then we can refer you to one of our trusted partners who can work with you to get it set up.

Are you eligible?

To qualify for an Debt Arrangement Scheme, you must:

Have more than one unsecured debt

At least £5,000 of debt

Have a regular income

Live in England, Wales or Northern Ireland

Benefits of DAS

Affordable monthly payments
Only pay what you can afford
No more harassment from creditors
Interest rates and charges written off upon completion
Pay off debts over an extended period

Considerations

A DAS will appear on your credit file for 6 years, affecting your credit rating
If you miss more than two payments, it is possible your DAS will fail
Your details will appear on the DAS register
Fees: a charge of 10% is made from the payments made into the DAS

If you’re struggling with unmanageable debts - clear your debts

*based on the percentage of debt forgiveness upon completion.