Debt Arrangement Scheme (DAS)
The Debt Arrangement Scheme (DAS) is a debt management tool introduced by the Scottish Government (then the Scottish Executive). DAS can help you pay your debts in a managed way, without you having to worry about being pressurised by creditors, which could lead to you losing your home.
For the purposes of DAS, you must have more than one debt which you want to pay off. Under DAS, a single regular payment is made to an approved payments distributor. If you keep to the agreed payments, your creditors cannot carry out enforcement action against you.
Likewise, creditors are unable to take enforcement action against a debtor, who has intimated an intention to apply or has an application awaiting approval. DAS freezes interest, fees and charges on your debt, from the date your DAS debt payment plan is approved.
Fees
Initial advice is free and completely confidential until you formally engage Creditfix. Creditfix will charge an upfront fee for setting up your DAS; the exact amount is dependent on your monthly contribution, which is agreed by your creditors.
If you engage Creditfix as your payment distributor then a 10% fee will be deducted from your monthly contribution, and the remaining will be distributed to your creditors.
We have a host of services and all it takes is a few minutes to contact us (right). We will help you on your way to finding the answer to your debt problems.
To take control of your finances call us now on 0800 0431 431
