We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

What's the difference

thewad
thewad Posts: 338 Forumite
Part of the Furniture 100 Posts Combo Breaker
in IVA & DRO
Between a DAS and a DMP other than interest is frozen.
Seems a better idea than a DMP so what's the downside??

John
If God didn't want us to eat animals, why did he make them out of meat. :beer::beer:

Comments

  • Nick700
    Nick700 Posts: 46 Forumite
    Debt Arrangement Schemes are only available in Scotland while DMPs are available all over the UK. However, if you live in Scotland, it is an avenue really worth exploring, as it prevents legal action and creditors have to freeze interest. More info can be found by searching for the moneyscotland government website.

    Hope that helps.

    Nick
  • thewad
    thewad Posts: 338 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Thought it did, why not here it's a far better way.

    Cheers for reply and sorry for caps lock i 'aint typing it again.

    John
    If God didn't want us to eat animals, why did he make them out of meat. :beer::beer:
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 347.2K Banking & Borrowing
  • 251.6K Reduce Debt & Boost Income
  • 451.8K Spending & Discounts
  • 239.5K Work, Benefits & Business
  • 615.4K Mortgages, Homes & Bills
  • 175.1K Life & Family
  • 252.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture