How the Debt Arrangement Scheme works

Reduces unsecured debt repayments to an affordable level

The idea of the Debt Arrangement Scheme is that it makes your debts affordable again. Our partners can help you to put together a Debt Payment Programme (DPP), which is basically a new plan for repaying your debts in manageable monthly payments.

You’ll only pay as much as you can afford each month, after you’ve taken care of your other living costs – a debt company can help you to work out a budget to make sure everything’s covered.

Freezes interest and charges on your debts

While your Debt Payment Programme is in place, all interest and charges on included debts will be frozen. That means your debts can’t get any bigger, so more of each payment you make is going towards clearing the debt itself.

Let experts deal with your lenders

Negotiating with lenders can be difficult, but you don’t have to do it yourself. Debt companies have many years’ experience of coming to successful agreements with creditors, so rest assured you’re in safe hands – they’ll help you put together your DPP and ask your lenders to vote for or against it.

In some cases, the Accountant in Bankruptcy (who is the DAS Administrator) can approve your case even if your lenders have declined your application.

Debt Arrangement Scheme

Apply for a DAS Debt Payment Programme

Applying for DAS is easy.. All you have to do is call the phone number located on the site you are interested in and a friendly debt adviser will help get you started.

Alternatively, you can fill in the form and they’ll get back to you soon.

Things to consider

Remember, the Debt Arrangement Scheme is only an option for people who can’t afford their existing debt repayments. Your lenders will only agree to reduced debt repayments if they can see that this is the case. But you must still be able to commit to regular monthly payments, and you must be able to repay your unsecured debts in full within a reasonable period of time – even though making smaller payments each month means it can take longer.

You should also be aware of the consequences. Making reduced repayments towards your debts will have an impact on your credit rating, which will make obtaining further credit a lot more difficult in the future.

But if you’re really struggling, this may be a worthwhile price to pay. And keep in mind that not getting the help you need with your debts could have more serious consequences in the long run.