What is a Debt Arrangement Scheme?

A Debt Arrangement Scheme (DAS) is a statutory, Scottish run scheme that’ll allow you to repay all of your debts, in full, at an affordable rate, without interest, charges or contact from creditors.

Scottish Debt Help isn’t an approved DAS money adviser, but we’re happy to answer any questions you might have and look at alternatives, or put you in touch with an approved DAS adviser if that’s what you need. It’s important to consider the following points when thinking about whether a Debt Arrangement Scheme is the right choice.

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What do I need to be able to apply?

  • You need to live in Scotland.
  • You need to have disposable income to repay your debts in full, after living costs.
  • You need to have at least one debt to apply.

What is the process of a DAS?

You’ll need to speak to a qualified money advisor. They’ll assess your situation and assess what disposable income you have to go into your repayment plan, so the payments should be affordable. This isn’t a solution that we offer, or are able to assist with, however, if it looks like you’re suitable, we’ll refer you to someone who can.

Benefits

Considerations

  • Your credit rating could be affected.
  • You’ll be put onto a DAS register, anyone can access.
  • There is no debt write-off, unlike a Trust deed. You’ll pay until all debt is cleared.

FAQs

What's the difference between a DAS and a Trust Deed?

You must have at least £5,000 of debt for a Trust deed, DAS has no minimum debt level.

You’ll pay a DAS until all debts are clear, whereas in a Trust Deed, you can be granted debt forgiveness. Any remaining debt is written off after the DAS is completed.

What debts are included?

You can include all unsecured debts along with rent/arrears.

Is my owned home affected?

No, your home isn’t included in a DAS. If you have equity in your home, it may be worth considering alternative methods of raising funds against your property to reduce your debts.