How long does a DAS take to setup? The Debt Arrangement Scheme can take 5–6 weeks to set up. DAS is not insolvency, it is the only statutory debt management plan in the UK, however there are some procedures required. These include requesting up to date balances from creditors, preparing a proposal which is sent to creditors, and dealing with potential objections.

Using our Trust Deed Wizard® tool helps to speed up those administration processes and having an in-house team that handles the Debt Arrangement Scheme from initial enquiry, to DAS application and implementation helps to secure a Debt Arrangement Scheme quicker than most other approved DAS Money Advisers.

A Debt Arrangement Scheme can include most unsecured debts, including:

✓ Credit Cards ✓  Store Cards ✓  Personal Loans ✓ Overdrafts ✓ Payday Loans ✓ Council Tax Arrears ✓ Utility Bill Arrears ✓  Shopping Catalogues ✓  Credit Unions ✓ HMRC

The following secured debts but only the arrears – this is optional:

✓  Mortgage Arrears, which are missed mortgage payments ✓  Rent Arrears, which are missed rent payments ✓  Car Finance Arrears, which are missed payments on your car, such as with an HP agreement

The following cannot be included in a DAS: Student Loans. Court Fines. CSA / Child Maintenance Arrears

Find out more about Trust Deeds too as there variations in the types of debt that can be included in a DAS.

In Scotland, Trust Deeds are a valuable Government created debt relief tool that offers a way to manage your unaffordable debt.

You can reduce your monthly debt payments down to an affordable level and become debt free in as little as 48 months. You must have a minimum of £5,000 of unsecured debt to qualify, but you can apply for a Trust Deed if you have over £50,000 of unsecured debt also.

If you qualify, a Trust Deed is right for you depending on your personal circumstances and ultimately you should be given qualified debt advice to explain to you the advantages of Trust Deeds and the disadvantages of Trust Deeds and there are alternative debt solutions in Scotland that may be more suitable for you such as the Debt Arrangement Scheme.

You should never feel pushed into taking a Trust Deed, or indeed any other type of debt management product including debt consolidation loans.

When asking yourself the question Is a Trust Deed right for me, only you can make that decision after receiving balanced and transparent debt advice from an FCA authorised company. Call us on 0141 221 0999 for free confidential help, or try our Trust Deed Wizard^® tool now.

When you enter into a Protected Trust Deed (or DAS) your future interest and charges will be frozen.

When you successfully complete the Trust Deed term, any remaining unsecured debt will be written off.

After entering into a Trust Deed, you’ll be paying back what you can afford to repay each month for a fixed period.

When you enter into a Debt Payment Programme under the Debt Arrangement Scheme (Scotland), you will legally freeze the interest and charges from the debts included in your DPP.

Like Trust Deeds, you will be paying back an agreed, affordable amount each month for a fixed period, and should you successfully complete the agreed DPP term, you will not need to repay interest and charges.

Trust Deeds in Scotland are only available to residents who have lived in Scotland for at least six months before they apply. You would typically have at least £5,000 of unsecured debts to qualify.

This may include example unsecured debts such as credit card debts, bank overdrafts, and unsecured personal loans.

If you want to find out if you’d qualify for a Trust Deed or alternative Scottish debt solutions; use our Trust Deed Wizard^® tool.

If you are based in England, Wales or Northern Ireland and have not lived in Scotland in the last 12 months, then other debt solutions exist such as an IVA or a Debt Relief Order which may be more suitable for you as those debt solutions are only available for residents of those countries.

We’re a professional Trust Deed company giving free qualified debt advice on Trust Deeds and other alternatives including Debt Arrangement Schemes.

Not only do we give advice on Scottish debt solutions in Scotland but we also implement the solutions on your behalf. This means that you remain with us from the initial enquiry, during the process and thereafter. This continuity in service means that you’re not passed onto numerous companies during the process.

We’ve helped over 30,000 people in Scotland get their finances in shape, and have a 5/5 rating on Trustpilot based on thousands of trust deed reviews. We’re proud to say that over a decade, we’ve become Scotland’s No.1 Trust Deed Specialists.

Trust Deed Scotland^® explain financial matters in plain English and will never sell your details for marketing purposes. Our service is non-judgemental, confidential and there’s no obligation to agree to anything after talking to us.

There are no setup fees payable by an individual entering into a Debt Payment Plan (DPP) through the Debt Arrangement Scheme. This is the same for all individuals whether they use an insolvency practitioner/private sector firm (e.g. Harper McDermott Ltd) or a public sector organisation (e.g. CAB or local authority Money Adviser).

The costs of administering the scheme are borne by the creditors and are the same for all DAS providers i.e. from every £ received into the scheme, 22p is used to pay these costs; this 22p is split between the DAS Administrator (2p) and the Money Adviser (20p).

There may also be a payment made to the Payment Distributor (PD) and, if so, this would result in the Money Adviser’s fee being reduced by the same amount as paid to the PD (normally around 5p in the £).

The remaining amounts are distributed amongst all creditors on a pro rata basis and a successfully completed DPP deems all debts to be repaid in full.

The fees and expenses of your DPP will be explained in detail in your DAS paperwork. You do not have to pay additional fees other than those you agree to and if you do not proceed with a solution after seeking advice then there is no charge for our services.

This means that at no point during the duration of your DAS will you be liable to pay ongoing fees, 100% of your repayment amount is used to make payments to your debt. This includes the free DAS advice that you receive even before you even apply. See Trust Deed Scotland fees for more information.

Our current Debt Payment Programme (DPP) under the Debt Arrangement Scheme (DAS) creditor acceptance rate is 99.99%.

This means that in almost every case that we’ve proposed on our customers’ behalf, we have been able to get their DAS proposal approved by their creditors. A creditor is someone to who you money. For example, a credit card company or catalogue company.

In this sample of 1,144 Debt Payment Programmes (DPPs) under the Debt Arrangement Scheme (DAS), approved between July 2019 and October 2021, only 1 proposed DPP was rejected and unable to proceed.

You can find out more about the advantage and disadvantages of the Debt Arrangement Scheme by calling Trust Deed Scotland^® on 0141 221 0999.