A Debt Arrangement Scheme (DAS) rust Deed is a debt management program, run by the Scottish government, which allows you to repay your debts over an extended period of time whilst providing you protection from their creditors.

To be eligible for a DAS you must be struggling to make your monthly debt repayments and also meet certain criteria.

How you will benefit:

  • One single consolidated payment to your unsecured debts.
  • An affordable monthly payments based on what you can afford.
  • Any interest or charges that are being applied to your debts will normally be frozen.
  • Your creditors can’t contact you or take any further legal action against you.
  • If your situation changes you can apply to vary your payment or apply for a six month payment break.

Things to consider:

  • 10% of your monthly payment is taken as fees to cover the running costs.
  • Once you’re on a DAS your details will be put onto the DAS register. This is an online register that anyone can access.
  • A DAS will appear on your credit file for six years and is only available if you live in Scotland.

It’s important to us that all customers make a fully informed decisions regarding their finances. If you have any questions please do not hesitate in calling us on 0800 088 2315 or 01525 201102.