Debt Arrangement Scheme (DAS)

A debt arrangement scheme is an agreement in Scotland where you can consolidate serious levels of debt and repay your creditors with a monthly amount that you can afford. Get in touch with Basik Money today and find out how we can help.

Are you considering a debt arrangement scheme?

Basik Money is a debt arrangement scheme broker, we are not a bank or creditor. We speak to your creditors to find the best debt solution available to you, no matter how much creditors or debt you have, get in touch with Basik Money today to find out how we can help you.

What Is A Debt Arrangement Scheme?

A Debt Arrangement Scheme (DAS) lets you repay all of your debts by making one affordable monthly payment to your creditors. This monthly repayment is based on the amount of money you have left after all of your household bills have been paid, not the amount your creditors are asking for. Applying to the Debt Arrangement Scheme will also prevent your creditors from contacting you or increasing your debt. The Debt Arrangement Scheme (DAS) is only available if you live in Scotland. A Debt Management Plan (DMP) should be considered if you live in England, Wales or Northern Ireland.

Advantages & Disadvantages

Advantages

  • All interest and charges to your debts will usually be frozen
  • Your creditors aren’t allowed to contact you or take legal action against you
  • You can apply to vary your repayments or apply for a six-month payment break

Disadvantages

  • Your details will be put on the DAS register, an online-register that anyone can access
  • A DPP will appear on your credit file for six years
  • A DAS is only available if you live in Scotland

WE COULD HELP YOU

FIND THE BEST DEBT SOLUTION

Is It Right For Me?

We always advise that you speak to a qualified debt advisor before making any decisions on handling your debt. Our team of qualified advisors are here to give you advice and answer any questions you have, before making a final decision. Just one call to Basik Money today could help you find a better solution to clearing your debts that you haven’t thought about.

Other Debt Solutions

If a Debt Arrangement Scheme is not what you want, have a look at some other ways we can help to clear your debt;

Why choose Basik Money?

At Basik Money it’s all in the name: we make finding the right financial solution simple, easy and effective. Basik Money take great pride in being directly authorised and regulated by the Financial Conduct Authority. Which means that we adhere to the highest standards of advice for our clients. Our approach is transparent and simple – if you’re not accepted for a solution, there’s nothing to pay.

WHY CHOOSE BASIK MONEY?

  • FCA Regulated

    We are fully authorised and regulated by the FCA, meaning we’re a trustworthy provider of financial services.

  • Industry Experts

    Our fully qualified advisers will explain everything to you in terms that you understand, ensuring that you have the best chance of acceptance for the finance option that is right for you.

  • WHOLE OF MARKET APPROACH

    At Basik Money, we search the entire market to find only best lending, insurance or debt options available to you.

  • EXCELLENT CUSTOMER FEEDBACK

    Don’t just take our word for it, read our customer reviews on TrustPilot.

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