DAS scheme scotland help
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chereb
Posts: 24 Forumite
I have been in touch and working with stepchange. They have advised me to do the DAS scheme in Scotland. I have 42k of unsecured debts on credit cards that i cant pay as now seperated. The figure quoted from my ecpenses is £209 per month for 16 years. Is that likely to be accepted on the DAS scheme? Also what do i send to my creditors in the meantime?
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Hi,
We cannot really speculate what your creditors will or will not do, your best poseing your questions to StepChange, although 16 years seems stupidly long to me.
Any reason you did not consider bankruptcy ?I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
sourcrates wrote: »Hi,
We cannot really speculate what your creditors will or will not do, your best poseing your questions to StepChange, although 16 years seems stupidly long to me.
Any reason you did not consider bankruptcy ?
Mainly because the house has 9 year lowish mortgage left and to protect that.0 -
Mainly because the house has 9 year lowish mortgage left and to protect that.
Usually creditors are fine with your proposals, if you have any concerns, speak to the creditors themselves, you may be surprised how helpful they can be at times.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Hi cherebI have been in touch and working with stepchange. They have advised me to do the DAS scheme in Scotland. I have 42k of unsecured debts on credit cards that i cant pay as now seperated. The figure quoted from my ecpenses is £209 per month for 16 years. Is that likely to be accepted on the DAS scheme? Also what do i send to my creditors in the meantime?
The DAS criteria state that you must be capable of repaying your debts over a "reasonable" period. This isn't strictly defined in law, but the figures you've quoted would suggest you could argue you fit into that bracket. Stepchange are likely to have suggested DAS as it won't implicate your home in the way that some formal options would. Also bear in mind that when your mortgage ends that will free up extra disposable income to then throw at your debts, though obviously that is a good way off.
At this stage, you wouldn't need to give your creditors any specific notice that you are planning on doing a DAS. If Stepchange offer to act as your approved money adviser and help set it up, your details would be added to the "DAS Register" - this gives you initial protection against any creditor action to enforce their debt for six weeks.
You can learn more at https://www.nationaldebtline.org/S/factsheets/Pages/debt-arrangement-scheme/das.aspx and no doubt Stepchange will have their own guides to DAS as well.
Best wishes
Dennis
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0
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