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If you’re a Scottish resident looking for help with debts, a Debt Arrangement Scheme (DAS) may be the solution for you. With a DAS, you can freeze interest and spread the cost of repayments over a longer period, making it affordable for you. Get in touch today.
Customers can get free debt counselling, debt adjusting and providing of credit information services from the Money Advice Service – an organisation set up by the Government to offer free and impartial advice to those in debt. For more information from the Money Advice Service click here www.moneyadviceservice.org.uk
A Debt Arrangement Scheme (DAS) is a government-run debt management tool for Scottish residents, that allows you to repay your debts through a debt payment programme (DPP).
Similar to a debt management plan, a DPP in Scotland allows you to pay off your debts in full over a reasonable period of time. All interest, fees and charges on the debt will be frozen. You’ll also be protected from any legal action by your creditors to recover what you owe them.
Protected Trust Deeds (PTD) allow you to reduce your payment period to 4 years and write off debt after that time. PTD’s are available in Scotland. If you live in England, Wales or Northern Ireland an IVA may be available.