The Debt Arrangement Scheme (or DAS) is only available in Scotland. It is only available to people have more than one creditor and, although they can make monthly payments, they are unable to pay their debts back on time.
If you are going through Debt Arrangement Scheme , please get in touch. We need details of the Debt Arrangement Scheme so we can ensure we have the right information to support you.
We need:
• Confirmation you are dealing with an approved money advisor
• Confirmation that the proposals for the DAS have been completed and submitted. Or if the DAS has been approved and a DPP (Debt Payment Programme) has been created by the accountant in Bankruptcy (AIB).
If you have a credit card with us, we need to make you aware that under our credit card terms, there are some circumstances where we can suspend or end the use of your credit card. These include when you are going through an insolvency.
We may think these options are best for you and will help you avoid getting into further debt. We will also update your credit file to reflect this information. This information will be shared will credit reference agencies and will be visible on your credit file for 6 years.