Self Negotiation vs DAS (Scotland) or DMP for £29k Debt

TheLostSheep

A background to my situation can be found here:

https://forums.moneysavingexpert.com/discussion/2574567

I'll attached a statement of affairs after it. Basically I am not sure if I should continue with self negotaiation or look for a DAS (Debt Arrangement Scheme) which is a protected Scottish Debt Management Plan to sort out my problems.

I owe around £29k. I have a monthly income of £1600. From the "snowball" calculator, "IF" Llyods TSB were to freeze the interest on my £15k credit card debt as Full and Final settlement I'd be looking to pay off this over 4 years with them accepting 80% F&F via a £12k settlement which they have indicated over the phone they'd accept. I am up to date with my other payments even though they are quite high.

I am due to speak to someone that CCCS recommened for Scotland. I just don't know if I'd be better someone representing to take the strain off me or if this would affect my "fair" credit rating and impact upon me for 6 years after.

TheLostSheep

I've already been through a detailed SOA looking at areas where I can save money. If (and I reckon I have to) sell my car, I'd be left with this situation....

[FONT=&quot]Statement of Affairs and Personal Balance Sheet[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Household Information[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Number of adults in household........... 1[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Number of children in household......... [/FONT][FONT=&quot]
[/FONT][FONT=&quot]Number of cars owned.................... 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Monthly Income Details[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Monthly income after tax................ 1650[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Partners monthly income after tax....... 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Benefits................................ 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Other income............................ 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Total monthly income.................... 1650[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Monthly Expense Details[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Mortgage................................ 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Secured/HP loan repayments.............. 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Rent.................................... 450[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Management charge (leasehold property).. 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Council tax............................. 125[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Electricity............................. 25[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Gas..................................... 40[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Oil..................................... 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Water rates............................. 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Telephone (land line)................... 21[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Mobile phone............................ 25[/FONT][FONT=&quot]
[/FONT][FONT=&quot]TV Licence.............................. 12[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Satellite/Cable TV...................... 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Internet Services....................... 19[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Groceries etc. ......................... 100[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Clothing................................ 10[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Petrol/diesel........................... 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Road tax................................ 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Car Insurance........................... 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Car maintenance (including MOT)......... 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Car parking............................. 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Other travel............................ 160[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Childcare/nursery....................... 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Other child related expenses............ 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Medical (prescriptions, dentist etc).... 5[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Pet insurance/vet bills................. 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Buildings insurance..................... 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Contents insurance...................... 11[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Life assurance ......................... 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Other insurance......................... 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Presents (birthday, christmas etc)...... 10[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Haircuts................................ 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Entertainment........................... 20[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Holiday................................. 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Emergency fund.......................... 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Total monthly expenses.................. 1033[/FONT][FONT=&quot]

[/FONT][FONT=&quot]Assets[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Cash.................................... 400[/FONT][FONT=&quot]
[/FONT][FONT=&quot]House value (Gross)..................... 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Shares and bonds........................ 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Car(s).................................. 1500[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Other assets............................ 0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Total Assets............................ 1900[/FONT][FONT=&quot]

[/FONT][FONT=&quot]No Secured nor Hire Purchase Debts[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Unsecured Debts[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Description....................Debt......Monthly.. .APR[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Lloyds TSB Loan 1..............7721......271.......12.7[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Lloyds TSB Loan 2..............917.......92........21[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Barclaycard....................2862......40....... .14.9[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Lloyds Current AC..............2500......35........18[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Lloyds TSB CreditCard** (if F&F accepted)..........12478.....260.......18[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Total unsecured debts..........26478.....698.......- [/FONT][FONT=&quot]

[/FONT][FONT=&quot]Monthly Budget Summary[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Total monthly income.................... 1,650[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Expenses (including HP & secured debts). 1,033[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Available for debt repayments........... 617[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Monthly UNsecured debt repayments....... 698[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Amount short for making debt repayments. -£81[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Personal Balance Sheet Summary[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Total assets (things you own – Sell car)........... 1,900[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Total HP & Secured debt................. -0[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Total Unsecured debt.................... -26,478[/FONT][FONT=&quot]
[/FONT][FONT=&quot]Net Assets.............................. -24,578[/FONT]