PDL Others and The DAS Scheme

[Placidbob]

So this is a repost of a repost, as advised by dx - I'm afraid DAS might be my only option, took out that one payday loan and ever since i've let it spiral out of control (taken CC's to try sort myself but this backfired) To summarize: I'm Paid: £900-1000 monthly (9 week rotation +sales bonus so can vary month to month), I Owe:Wonga: 305, Payday Express: 350, Capital One: 500, Barclay Card: 400, Vanquis: 250, RBOS: 900 overdraft-- they will be charging me for this in a few months as i will be stopping any wages going into the account. Payday loan interest is the ones that are killing me, i could afford this (the monthly payments/deferments for all) until lately i had a wee sick period and got underpaid, i'm unable to get out of the arrears as well as pay the next bills (at the end of this month anyhoo)How badly does DAS affect your credit rating?, I only want to do it to freeze interest, and paying back companys in full is what i want to do, after all, i borrowed the money...i'm more than happy to give the money back. DAS meeting is on the 2nd july -- Is DAS the right option, dx is saying no, but no-one has explained an alternative, and (8) my time is runnning ouuut:P(8)- wee bit of muse! DAS- Debt Arrangement Scheme (Scots Only)

Edited June 22, 2012 by Placidbob

[renegadeimp]

Das ?

[ims21]

Das ?

 

Debt Arrangement Scheme....applicable to Scotland

[sequenci]

Given the circumstances and your intentions with the creditors something like a DAS seems ideal to me.

 

Your alternative options are

a) self negotiating (no guarantee of freezing interest and charges)

b) debt management plan (no guarantee of freezing interest and charges although usually a good success rate)

c) sequestration/bankruptcy (probably a little extreme given the amount of debt)

[renegadeimp]

Ahh gotcha. Thanks ims!

[sequenci]

Ahh gotcha. Thanks ims!

 

They are very good. Like a DMP but gauaratee to freeze int & chgs and prevent further enforcement.

[renegadeimp]

They are very good. Like a DMP but gauaratee to freeze int & chgs and prevent further enforcement.

 

Thats good to know. You learn something new every day Makes you wonder though why ENgland and the rest of the UK don't get something like that. I would save a lot of headache and unnecessary stress on behalf of a lot of debtors.

[sequenci]

Thats good to know. You learn something new every day Makes you wonder though why ENgland and the rest of the UK don't get something like that. I would save a lot of headache and unnecessary stress on behalf of a lot of debtors.

 

Totally agree with you there.

[Placidbob]

Thank you sequenci much appreciated:), Do you know if i'll be allowed a personal allowance under this Scheme? Smething no-one has nswered either lol. @ renegadeimp, I completely agree, write to your M.P. and try get it raised in parliment:) i'm sure it would help more than a few people down south

[Placidbob]

By personal allowance I mean money for me-time*

[renegadeimp]

It's worth a shot, but i doubt the English Government would listen really. If theres no way of making money from an idea for their own back pockets, then they seem to ignore it.

[Placidbob]

I feel you mate, Big Dave won't even allow a referendum, and forced through back-door privitisation. "write to your M.P." how naive of me haha

[sequenci]

By personal allowance I mean money for me-time*

 

Your financial statement should allow you a little bit of money for yourself, it's not something that's directly listed so usually we (as advisers) would try to ensure that money listed within outgoings are sufficient to cover anything that might come up. More often than not this might fall under housekeeping. For example, amoutns can be listed to cover smoking + alcohol although I must stress than these figures must be reasonable or else they could get rejected.

[sequenci]

It's worth a shot, but i doubt the English Government would listen really. If theres no way of making money from an idea for their own back pockets, then they seem to ignore it.

 

Believe it or not there are a fair amount of MPs that are dedicated to changing things, it just takes ages. We could do with a few more taking an interest. Labour were way more progressive than the Tories are.

[Placidbob]

"Believe it or not there are a fair amount of MPs that are dedicated to changing things, it just takes ages. We could do with a few more taking an interest. Labour were way more progressive than the Tories are." How to get more people to take an interest though... that sadly is the question:/

[sequenci]

"Believe it or not there are a fair amount of MPs that are dedicated to changing things, it just takes ages. We could do with a few more taking an interest. Labour were way more progressive than the Tories are." How to get more people to take an interest though... that sadly is the question:/

 

Extensive lobbying. Blogging. Forums. Comments on online newspaper articles. That kinda thing.