There are a few differences between the Debt Arrangement Scheme (DAS) and a Scottish Trust Deed, but the main differences are as follows.
Length – A Protected Trust Deed typically lasts four years. After successful completion, any remaining qualifying unsecured debt is written off. A Debt Payment Programme under the Debt Arrangement Scheme has no fixed term and continues until the debts included in the DAS have been repaid. The proposed timescale must be considered fair and reasonable.
Amount of debt – to qualify for Scottish Trust Deeds, you must owe at least £5,000 of unsecured debt. For the Debt Arrangement Scheme in Scotland, there is no minimum debt level.
Assets – The Debt Arrangement Scheme does not involve any assets.
There are other alternative Scottish debt solutions too. You should always get debt advice tailored to your own circumstances, as all cases are unique depending on your situation and affordability.