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What is the Scottish Debt Arrangement Scheme?

The Debt Arrangement Scheme (DAS) is a legal scheme set up by the Scottish Government. It can give you protection from creditors (the people you owe money to) and time to pay off your debts over a reasonable length of time through a ‘debt-payment programme’. You usually need to have some money left over after your essential spending to do a debt-payment programme.

If you cannot keep to the payments on your debt-payment programme because your situation changes, you can apply to vary it so that it is not cancelled. You may also be able to ask for a payment holiday.

After you have made payments for 12 years and have paid 70% of your original debt, you may be able to end your debt-payment plan early. You will need to apply through an approved money adviser.

My Money Steps will tell you if you can apply for the Debt Arrangement Scheme and what you need to do. Start My Money Steps to find out.

 

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