Advantages & Disadvantages of a DAS

Let’s be clear. DPP is the payment programme within the DAS scheme

This section is all about DAS, or a Debt Arrangement Scheme. But as stated earlier in the section a DPP is the repayment plan agreed between you and your creditors WITHIN the DAS scheme (we apologise for any confusion and all these various acronyms flying around; we’re doing our best to mention them as infrequently as possible but when we do NEED to use them we will do our best – where possible – to remind you what they are and what the acronym stands for).

Within DAS or Debt Repayment Scheme from Find a Dept Expert you’re covered for just about every kind of card debt, including:  

  • Overdrafts
  • Credit cards
  • Store cards
  • Catalogue debts
  • Unsecured loans
  • Payday loans
  • Debt owed to HMRC

We’d like to stress, however, there are debts that cannot be covered by DAS, such as court fines, benefit overpayment and child support payments. And like with any of Find a Dept Expert’s payment plans, there are always pros and cons to both.

DAS/DPP Advantages

  • Lower, affordable monthly payments on unsecured debts. This plan is designed to be, first and foremost, FLEXIBLE. This means that your monthly payment is not just affordable but can be made whenever suits you best within in that month.
  • No formal insolvency. Unlike other repayment plans a DAS/DPP is not classed as formal insolvency.
  • Flexible payment plans. As we stated in the first point, flexibility is key with a DAS. So if you experience any sort of change in circumstances while in a DPP, Find a Dept Expert may be able to reduce your payments. Plus, if your income is reduced we may be able to provide you with a payment break of up to six months.
  • All legal action stops right here. Providing you follow your agreement, your creditors cannot lawfully take any legal action against you.
  • Time is on your side. Unlike most debt solutions, with DAS, take as long as you need to pay the debt back. PLUS your debt WILL NOT increase.

DAS/DPP Disadvantages

  • Not applicable outside Scotland.
  • Can take longer to repay.
  • If you delay payments, creditors can take action to recover the money (but remember DAS is a formal, legally binding solution for you and your creditors, so once it starts any further legal action cannot be taken).
  • Debts aren’t completely written off.
  • Affects your credit rating – and can only be wiped clean after 6 years.

If after all a DPP or DAS is not for you, there are a number of other repayment plans that Find a Dept Expert can talk to you about. These include

  • Bankruptcy (called sequestration in Scotland)
  • A protected trust deed
  • Voluntary agreement direct with your creditors
  • Debt consolidation

Whether it’s to discuss DAS or any other repayment solution – for a stress-free, positive solution to any financial problem contact Find a Debt Expert today on 0161 694 2650 or use our Debt Calculator.

Find a Debt Expert is a trading style of Milton & Stirling Ltd, Company Number SC587851 – Solutions Scotland, 78a Stanley Street, Glasgow, G41 1JH. DPA number ZA431921

Milton & Stirling Ltd are an Appointed Representative of MichaelAlan Ltd who are authorised & regulated by the Financial Conduct Authority, FRN 690939.

As part of our free service, we’ll review your financial situation, explain the available options and recommend a debt solution which is suitable for you. The risks of all suitable solutions will be explained clearly and if you decide to go ahead with a debt solution we will refer you to one of our trusted providers who specialise in the management of that debt solution. We’ll be paid for introducing you or for the preparatory work we do, depending on your debt solution fees may be payable if ongoing services are provided. Read about fees and key information in our terms & conditions. To find out more about managing your money and getting free debt advice, visit Money Advice Service , an independent service set up to help people manage their money.

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For independent advice on how to deal with creditors with regards to Insolvency Services see https://www.gov.uk/government/organisations/insolvency-service