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Debt Arrangement Scheme (DAS)


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The debt arrangement scheme is an alternative solution to Trust Deeds in Scotland, and IVAs in England, allowing you to freeze the interest on your debts and repay over a period to suit you, whereas a Trust Deed would mean writing off substantial unaffordable debt.

 

A key benefit of entering a DAS is that all interest, fees, penalties or charges on your debts are frozen and are waived when your complete your Debt Payment Programme (DPP). In addition, as long as you maintain payments to your mortgage and car you do not have to worry about losing them.

 

Another major advantage of a DAS is that it prevents creditors from taking legal action against you. In fact, you do not have to have any further direct contact with your creditors.

 

You need to consult a DAS approved Money Advisor who will make an application on your behalf. Individuals cannot make an application

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