How do I qualify for a DAS?
A Debt Arrangement Scheme (DAS) is a statutory Debt Management Plan (DMP) available for Scottish residents. You’ll need to live in Scotland to apply for DAS.
If you live in England or Wales, you don’t qualify for DAS. A Debt Management Plan is a similar debt solution across the UK – though it’s not legally binding like DAS is.
Before you apply, you’ll need to seek advice from a DAS-approved Money Advisor. It’s their job to set up the DAS and to work out if it’s the best way for you to clear your debts.
You’ll also need to have some disposable income to pay towards your debts every month. Disposable income is what you have left after you’ve covered all of your important bills and other financial commitments. If you are unable to afford your bills and other costs, DAS won’t be suitable for you.
When can’t I get DAS?
If you’ve currently got a Protected Trust Deed (PTD) or you’re going through Sequestration (bankruptcy), you are not eligible for DAS.
You may not be able to apply for DAS if you only have one debt as there are specific restrictions on this. These include if your debt is subject to a time to pay order under the Debtors (Scotland) Act 1987. Don’t worry if you’re not sure what this means – a DAS-approved Money Advisor will take you through this when you apply for DAS.
If you qualify for DAS and you’re considering applying for the solution, it’s important that you understand all of the ways it can affect you. Read ‘Is DAS right for me?’ to see some of the things you’ll need to consider with DAS.Continue to the next section Is a DAS right for me?