Debt Arrangement Scheme
The Debt Arrangement Scheme (DAS) is a scheme run by Money Scotland to assist people in debt. DAS enables debtors to consolidate their debts into one single payment. The free service utilises the resources of a money advisor.
In order to qualify for the DAS you must have more than one debt. A helpul eligibility check is available [here]. If you are eligible for the DAS, you will need to compile a list of all of the creditors that you have. A money advisor will assist you with preparing a budget listing all of the money that you have coming in.
Once registered with the DAS all of your creditors will be informed. Interest will stop accruing on your debts and a clear plan will be organised to ensure that all of your creditors will recover as much money.