DAS Scotland - Scottish Debt Management Solutions

Repay your debts on your own terms. Based on your affordability.

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Debt Arrangement Scheme

A Debt Arrangement Scheme allows you to repay your unsecured debts with affordable monthly payments. The interest on your debts can be frozen, and written off after you have completed an agreed payment plan.

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Trust Deed

A Trust Deed is available to people who’ve been living in Scotland for more than 6 months, who have unsecured debt of £5,000 or more. Typically a Trust Deed lasts 48 months and after that period, any outstanding unsecured debt is legally written off.

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MAP & Sequestration

Minimal Asset Process (MAP) is a way to write off debts you can't afford. It's aimed at residents of Scotland with a low income and few assets. Sequestration is the Scottish equivalent of bankruptcy.

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How will DAS Scotland help me?

DAS Scotland works with expert Scottish debt advice companies. We give confidential, free advice on all debt solutions and explain the advantages and disadvantages of each.
The solutions offered have helped thousands of people in Scotland become debt free. Our aim is to help you too start that journey.

  • Step 1: Find out if you qualify
  • Step 2: Assess your affordability
  • Step 3: Discuss your options & the pros and cons of each.
  • Step 4: Agree repayment and take the first steps on becoming debt free

Expert Debt Help Our advisors have many years of experience.

Whatever the cause of your money problems, we can help you find the way out.

Free debt advice from experts based in Scotland.

Do You Qualify

Talk to one of our qualified, experienced experts about your current debts.

Affordability?

Find out what your income and expenditure details are, and how much is left to pay your bills.

Your Options

Give you information on the solutions you qualify for and the likely pros and cons of each.

Repayment Terms

Proceed with the solution that fits your situation. Enjoy peace of mind that you've taken the first step.

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DAS Scotland - Frequently Asked Questions

Debt Arrangement Scheme, Trust Deeds, Secured Loans & Sequestration

Trust Deed Advantages

  • With the help of an Insolvency Practitioner (IP) you arrange repayments to your creditors over 4 years. After this any remaining debt is written off
  • Once your trust deed is approved, your creditors won’t chase you for payment or add more interest and charges to your debts, and they can’t take any court action
  • While you may have to sell some assets, you’re usually able to keep one essential vehicle worth less than £3,000
  • Although a protected trust deed is a formal debt solution, you don’t need to appear in court

Trust Deed Disadvantages

  • An Insolvency Practitioner normally takes a charge for their service out of your monthly repayment for your trust deed, so it’s important you understand what percentage this will be
  • A trust deed may affect the terms of your employment; if you’re concerned about this you should check your contract or speak to your HR department
  • There’s the risk of bankruptcy if your trust deed fails
  • Your credit rating will be affected for six years, starting from the date the arrangement is agreed

DAS Advantages

  • A DPP lets you repay your debts at an affordable rate, while still leaving you enough money for household bills and living costs
  • All interest or charges that are being applied to your debts will be frozen
  • Your creditors can’t contact you or take any further legal action against you
  • If your situation changes you can apply to vary your payment or apply for a six month payment break
  • Once your DPP is complete, your debts are written off

DAS Disadvantages

  • 10% of your monthly payment is taken as fees to cover the running costs
  • Once you’re on a DPP your details will be put onto the DAS register. This is an online register that anyone can access
  • A DPP will appear on your credit file for six years
  • If you don’t keep up your payments the DPP could fail, and creditors can add interest charges, or take further action against you

MAP & Sequestration Advantages

MAP Bankruptcy

  • Although MAP bankruptcy is a formal legal process, you won’t need to appear in court
  • MAP bankruptcy costs £90 to apply for, which is cheaper than sequestration. This fee is payable to the Accountant in Bankruptcy
  • You’ll usually be discharged from your MAP bankruptcy after six months, after which most debts will be legally written off
  • Once your MAP bankruptcy is approved your creditors can’t chase you for payment or add more interest and charges to your debts, and they can’t take any court action
  • Most unsecured debts are included in MAP bankruptcy

Sequestration Scotland

  • You can be debt free in a short amount of time
  • All your unsecured debts are usually written off, though you may be required to make a contribution
  • You’ll receive no further contact from your creditors
  • Your creditors can’t chase you for the money you owe them
  • Most unsecured debts are included in sequestration bankruptcy

MAP & Sequestration Disadvantages

MAP Bankruptcy

  • Your credit rating will be affected for six years from the day your MAP bankruptcy begins
  • Your bank is likely to close or freeze your accounts and you may only be able to get a basic bank account
  • Bankruptcy can impact some jobs, or lead to dismissal
  • Some private landlords may evict tenants or not renew a tenancy agreement if you become bankrupt
  • Some debts, such as student loans, on-going child maintenance and court fines are not included
  • If you’re self-employed, bankruptcy could make it harder to trade and obtain credit for goods and services

Sequestration Scotland

  • If you have any assets, like a house or car, these may be sold to release funds for your sequestration
  • It may have implications for your job – for instance you will not be able to act as a company director
  • You may find it difficult to take out credit, as sequestration will be recorded on your credit file for six years

To find out more about managing your money and getting free advice,visit Money Advice Service, an independent service set up to help people manage their money.