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Advice please re Debt Arrangement Scheme

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Dear All


I am considering entering into a DAS. If I do, how long will it take for this to complete is it 3 years or as long as it takes to pay back debts? Also, does this affect your ability to obtain a mortgage in the future? Are there any solutions out there that won't affect your ability to gain a mortgage in the future? Thank for help!:confused:

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WHen you enter into DAS they may either set a specific period but more likley once all your debts have been paid .


This will remain on our credit file for 6 years once completed so your ability to get a mortgage will be greatly reduced until after the 6 years.


no matter what 'arrangement' you go into the above will be the same.


National Debtline Scotland | Debt Advice | Factsheet 22 Debt Arrangement Scheme

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As Ida states a DAS will effect your ability to get a mortgage for 6 years after you finish it - sorry, but that's the simple truth. On the plus side you can increase your credit rating when you have finished the DAS by paying bills by DD on time and by getting a credit card that you pay off in full every month (don't use it as credit - just pay it off). All of that will increase your credit rating so you may very well be able to avoid the sub prime mortgage market in far less than the 6 years.






Please note opinions given by rory32 are offered informally as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.

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