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    • Minnie82
    • By Minnie82 2nd Dec 17, 10:19 AM
    • 9Posts
    • 1Thanks
    Minnie82
    DAS - going self managed
    • #1
    • 2nd Dec 17, 10:19 AM
    DAS - going self managed 2nd Dec 17 at 10:19 AM
    Hi everyone,

    So, I've also had some support on the DMP support thread, I thought this may be the best way to get some advice from people who have specifically done the same.

    We are in Scotland so it's a DAS we have with Gregory Pennington. We are about 4 years in and its only now I feel I can really look this in the face rather than just paying and avoiding thinking about it.

    We have around £15,500 debt remaining from just under £39,000. We are paying around £800 a month, looking at the last statement I recieved it looks like £85 is GP fee, £12.23 to the DAS administrator and ££29.83 payment distrbution fee. Now I'd imagine some of this HAS to be paid but even if we could save the £85 a month, it's all the sooner we are paid off.

    Now, our current situation isn't the best, we missed November payment (did inform GP of this and arranged to call them back and discuss increased payments to get back on track in the new year) and we are going to really struggle in December. The reason for this is my DH being owed around £2000 by a company who just announced insolvency, he now has constant, good, reliable work (self employed) but the way the payments fall, he will only be able to get 1 weeks invoice in for pay on 21st December (they need invoices in by 5th for completed, signed off works so not even Monday will count). I work part time but can't quite cover all the bills plus feel the kids etc.

    So, my initial thoughts were, get in touch with creditors and explain the situation, offer token payment for December and let them know the payments they will be receiving as of January directly from us (including I&E?) and hope they don't revoke?

    I also need to chase a few of them about applying defaults late....maybe best to leave this until everything self managed set up?

    We have a couple of the debts down to around £200, hubby will have a good wage in Jan, is it possible to just pay a few off to get them out of the DAS?

    Any help/advice is welcome. We really want to take full control of this and get rid asap.
Page 1
    • sourcrates
    • By sourcrates 2nd Dec 17, 10:33 AM
    • 12,673 Posts
    • 12,011 Thanks
    sourcrates
    • #2
    • 2nd Dec 17, 10:33 AM
    • #2
    • 2nd Dec 17, 10:33 AM
    Hi,

    I would certainly think very carefully about this, as a DAS (Scotland) is a bit more of a formal process than a DMP is, its insolvency in bankruptcy.

    In a DAS you have legal protection from your creditors, which can be useful, can you just end a DAS without penalty ?

    I would contact stepchange and see what they recommend first.
    Last edited by sourcrates; 02-12-2017 at 10:43 AM.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Legal advice see : http://legalbeagles.info/
    • Pixie5740
    • By Pixie5740 2nd Dec 17, 10:33 AM
    • 11,198 Posts
    • 15,649 Thanks
    Pixie5740
    • #3
    • 2nd Dec 17, 10:33 AM
    • #3
    • 2nd Dec 17, 10:33 AM
    People in Scotland can have Debt Management Plans which are informal arrangements with their creditors. A Debt Payment Programme under a Debt Arrangement scheme is a different kettle of fish and is a form of insolvency. Which is it that you have a DMP or a DAS?
    Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six, result misery.
    • Minnie82
    • By Minnie82 2nd Dec 17, 10:51 AM
    • 9 Posts
    • 1 Thanks
    Minnie82
    • #4
    • 2nd Dec 17, 10:51 AM
    • #4
    • 2nd Dec 17, 10:51 AM
    Hi,

    I would certainly think very carefully about this, as a DAS (Scotland) is a bit more of a formal process than a DMP is, its insolvency in bankruptcy.

    In a DAS you have legal protection from your creditors, which can be useful, can you just end a DAS without penalty ?

    I would contact stepchange and see what they recommend first.
    Originally posted by sourcrates
    Hi, thank you, yes I have the SC number and called this morning, I've to call back Monday when the correct department are in. It may be better for us to try and just move it straight over to SC at least to save the fees. Will get better advice Monday.

    People in Scotland can have Debt Management Plans which are informal arrangements with their creditors. A Debt Payment Programme under a Debt Arrangement scheme is a different kettle of fish and is a form of insolvency. Which is it that you have a DMP or a DAS?
    Originally posted by Pixie5740
    We have a DAS which was always put to us as a way to avoid insolvency! Not a Trust Deed which apparently is also something we can get up here, we don't have one of those.
    • Pixie5740
    • By Pixie5740 2nd Dec 17, 10:55 AM
    • 11,198 Posts
    • 15,649 Thanks
    Pixie5740
    • #5
    • 2nd Dec 17, 10:55 AM
    • #5
    • 2nd Dec 17, 10:55 AM
    We have a DAS which was always put to us as a way to avoid insolvency! Not a Trust Deed which apparently is also something we can get up here, we don't have one of those.
    Originally posted by Minnie82
    I think you are getting your terminology mixed up. DPP under as DAS are uniquely Scottish as is a Trust Deed but a DAS is not the same thing as a Trust Deed. I think it might be best to wait until you've talked to Step Change before making any decisions because you can't self manage a DPP under a DAS.

    https://www.stepchange.org/DebtadviceinScotland.aspx
    Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six, result misery.
    • Minnie82
    • By Minnie82 2nd Dec 17, 10:59 AM
    • 9 Posts
    • 1 Thanks
    Minnie82
    • #6
    • 2nd Dec 17, 10:59 AM
    • #6
    • 2nd Dec 17, 10:59 AM
    [QUOTE=Pixie5740;73499701]I think you are getting your terminology mixed up. DPP under as DAS are uniquely Scottish as is a Trust Deed but a DAS is not the same thing as a Trust Deed. I think it might be best to wait until you've talked to Step Change before making any decisions because you can't self manage a DPP under a DAS.



    Hi, sorry, don't think I wrote my last post very well. We have a DAS, I'm confused by the mention of insolvency as according to my paperwork from Wilson Andrews (now GP) " A debt arrangement scheme is not a form of insolvency." This is why we chose this route rather than a Trust Deed.
    • Minnie82
    • By Minnie82 2nd Dec 17, 11:02 AM
    • 9 Posts
    • 1 Thanks
    Minnie82
    • #7
    • 2nd Dec 17, 11:02 AM
    • #7
    • 2nd Dec 17, 11:02 AM
    Thanks for the link Pixie, I don't know how I missed that. So I need to ask SC if they can take over our DAS to allow the fee we normally pay to be reduced and distributed to creditors instead of GP
    • sourcrates
    • By sourcrates 2nd Dec 17, 11:05 AM
    • 12,673 Posts
    • 12,011 Thanks
    sourcrates
    • #8
    • 2nd Dec 17, 11:05 AM
    • #8
    • 2nd Dec 17, 11:05 AM
    Thanks for the link Pixie, I don't know how I missed that. So I need to ask SC if they can take over our DAS to allow the fee we normally pay to be reduced and distributed to creditors instead of GP
    Originally posted by Minnie82
    Yes that's correct, you need to ask if that is possible, it may not be, but they will tell you one way or another.
    Last edited by sourcrates; 02-12-2017 at 11:16 AM.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Legal advice see : http://legalbeagles.info/
    • Minnie82
    • By Minnie82 2nd Dec 17, 11:08 AM
    • 9 Posts
    • 1 Thanks
    Minnie82
    • #9
    • 2nd Dec 17, 11:08 AM
    • #9
    • 2nd Dec 17, 11:08 AM
    Brilliant thank you.
    • coolcait
    • By coolcait 7th Dec 17, 7:29 PM
    • 4,137 Posts
    • 13,269 Thanks
    coolcait
    Hi

    Just noticed this thread.

    It's probably worth pointing out that DAS is definitely not insolvency.

    It's more like a legally protected DMP.

    You can definitely change from one money adviser to another - assuming they both agree to the change - but you do need to have a money adviser .

    Please, please don't make any kind of payment directly to your creditors - that could cause the DAS to fail.

    Speak to your money adviser about a formal application (variation) to make lower payments or token payments for a few months, if that would help.

    Hopefully you've already got it all sorted out, and you can tease me about being at the coo's tail on this one!
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