The Debt Arrangement Scheme (DAS) is similar to a debt management plan, but it’s backed by law. It’s only available in Scotland.
The short answer
- You repay your debts in full through a Debt Payment Programme.
- Interest and charges are frozen once the programme is approved.
- Creditors can’t take legal action while it runs.
- You must apply through an approved money adviser.
- There’s no minimum debt level.
How does DAS work?
An approved money adviser helps you prepare a Debt Payment Programme based on what you can afford. It’s sent to your creditors, and if they agree, or if the Accountant in Bankruptcy decides it’s fair, it’s approved. You then make one monthly payment, which is shared between creditors.
Who is DAS for?
DAS suits people who can afford to repay their debts in full, given enough time and with interest frozen. It doesn’t write off debt.
How is DAS different from a trust deed?
A protected trust deed can write off debt you can’t repay, but is a formal insolvency. DAS isn’t insolvency, but you repay everything. In England and Wales, the closest equivalent is a debt management plan, which isn’t legally binding.
Common questions
Is DAS available in England?
No. DAS is a Scottish scheme. In England and Wales, a debt management plan is the closest informal equivalent.
Does DAS affect my credit rating?
Yes. It’s recorded on your credit file and on the DAS register.
Can I include my mortgage in DAS?
Mortgage arrears can be included in some cases, but ongoing payments must continue.
Getting help
You don’t have to deal with debt on your own. Free, impartial advice is available from MoneyHelper, StepChange and National Debtline. If you want to talk through whether a formal solution such as an IVA could be suitable, you can also get in touch with us.