A Debt Arrangement Scheme (DAS) is a debt management tool available to individuals in Scotland.  It is a government-run scheme that allows you to repay your debts through a debt payment programme over an extended period of time, while giving you protection from your creditors taking action against you to recover the debt.

This scheme may last for any reasonable length of time (maximum of 5 years for businesses) and, if approved, will freeze all interest, fees and charges on your debts.

To enter this scheme, an individual must seek advice and assistance from a specialist Money Advisor before applying for a DAS.  When the Money Adviser submits your application to your creditors for approval, all interest, fees, penalties or other charges owed are frozen provided that the application is approved.  You are also protected from your creditors taking any action against you to recover their debt.

To be eligible for DAS, you must meet strict criteria.  There are conditions, specified by law that you must also comply with.

For more information, visit the DAS website or call us today in confidence on 0800 0141 130 to discuss the options available to you.