0141 241 6599
What is a DAS?
The Debt Arrangement Scheme can be best described as the Scottish government’s created equivalent of a Debt Management Plan. Since the 1990s, commercial debt companies offered a Debt Management Plan (DMP) as a way of clearing debts for UK individual as a voluntary agreement between individual and creditor, administered by the debt company themselves.
The biggest problem with this style of debt management is that it offers NO legal protection for individuals and many plans can last a number of years.
How Scottish Debt Arrangement Schemes Work
Under the terms of a Debt Arrangement Scheme, you will commit to a debt payment plan (DPP) which allows you to repay your debts based on your disposable income. A DPP can last for any reasonable length of time, depending on the total debt that you owe and how much you can afford to pay.
Advantages of using a Debt Arrangement Scheme
- Keep your house and car
- Legally freeze interest and charges
- A DAS uses Government legislation
- Repay your debt based on YOUR affordability
- No credit checks required
- DAS is not a loan
Disadvantages of using a Debt Arrangement Scheme
- Total liable debt is repaid in full
- Your credit rating will be affected
- The length of time repaying DAS may take several years
- Cannot be self-administered
- Only available to residents of Scotland
Who can setup Debt Arrangement Schemes?
Only A DAS approved money advisor can setup your DAS.
There are other options open to people in Scotland to clear their debts and to find out more, you can read our Alternatives to DAS page.
The number of people using a DAS in Scotland has increased in recent years, most notable due to increased numbers of people seeking debt help and rising cost of living.
To discuss your debts in confidence with an experienced money advisor, all you need to do is complete the contact form on this page and we will then assess your eligibility and discuss your options and the pros and cons of DAS.
All advice is free of charge and there is no obligation to proceed.
As a leading introducer of Scottish Trust Deeds, Trust Deed Scotland as seen on STV have given ethical debt advice to thousands of residents and you may also qualify for a Trust Deed. Alternatively, you can reach DAS Scotland on 0141 241 6599.