Heard about a Debt Arrangement Scheme (Scotland)? Are you currently struggling with debts and looking for a possible solution to take back financial control in England, Wales or Northern Ireland? See below our frequently asked questions on Debt Arrangement Scheme (DAS), please note it is important to receive tailored debt advice before chosen a solution to resolve your debts which we can do for you by clicking the button below.

Please note the Debt Arrangement Scheme (DAS) is only available in Scotland.

How many different companies do I need to owe money to qualify for a DAS?

To qualify for a Debt Arrangement Scheme (DAS) in Scotland you must owe at least two different people or organisations money.

How long does a DAS last?

A Debt Arrangement Scheme (DAS) in Scotland will last as long as it takes you to repay your debts, normally this is ten years or under as a maximum but in some cases your case could last longer under a fair and reasonable review.

How much does the DAS cost?

A Debt Arrangement Scheme (DAS) in Scotland does not come with setup fees (not with Milton & Stirling anyway) and you do not pay any monthly management fees, so you will only pay what you owe back but your creditors will be charged fees from their money for the management and payment distribution of your DAS.

Do I need a certain amount of debt to qualify for a Debt Arrangement Scheme?

No! as long as you have disposable income to repay your debts a Debt Arrangement Scheme (DAS) in Scotland can be for any level of debt.

Can me and my partner enter a DAS together?

Yes! As long as you and another adult reside in a property together you can enter a joint Debt Arrangement Scheme (DAS) that will take in a joint income and expenditure and both your debts. Unlike a Protected Trust Deed (PTD), Sequestration or a Minimal Asset Process (MAP) which must be done as a sole individual application.

Will my details be published online with a DAS?

Yes! When applying for a Debt Arrangement Scheme (DAS) your details will be published on the DAS register which you can only find your details if you have the applicants name and case reference number. This will not show to someone who doesn’t have this information on show on a Google search etc …

Does a DAS stop earnings or bank arrestments?

Yes! A Debt Arrangement Scheme (DAS) will stop or prevent future arrestments on your bank accounts or earnings once in place, however any debt accrued out with the plan will not be eligible.

Can I get a payment holiday on a DAS if I lose income?

Yes! Under the rules of a Debt Arrangement Scheme (DAS) in Scotland you can get a payment break for up to six months if any of the following apply under a income shock; Being made unemployed or changing jobs, Maternity or paternity leave, Not being able to work because of illness, Divorce or separation, including from a co-habiting partner, A reduction in tax credits or benefits payments. Please be aware though this payment holiday would extend the length of your plan.

How long does a DAS stay on your credit file?

When your Debt Arrangement Scheme (DAS) is approved, you are placed on the DAS register. This is coordinated and managed by the DAS administrator and is available to potential lenders who you may be looking to borrow from. Credit rating agencies use the DAS Scotland register, besides other insolvency registers to add information on to your credit history, which then reports your credit score.
Therefore, your DAS is likely to negatively impact your ability to take out further credit. Like all other formal insolvency solutions in Scotland, the presence of the Debt Arrangement Scheme on your credit report will last for a minimum of six years.
However, it is also worth noting that while the Debt Arrangement Scheme can last a longer period of time as repayments can continue to up to approximately ten years, some alternative solutions, such as Trust Deeds, will end typically after only four years.
While your credit score may be important for you later in life, if you’ve been missing payments and been served a default notice on those debts, your credit score is highly likely to have already been severely impacted.