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Question for you - Scottish DAS
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Miss_Poohs
Posts: 630 Forumite
Hi everyone
Ok OH has his DAS - it's been running for nearly 4 yrs and in that time he's repaid about £25000 but still has £48000 ish to go.
He's really struggling - he's checked out Scottish trust deeds and bankruptcy neither of which we think will work because he owns half of a property his elderly mother still lives in.
None of the debt is mine - it was all kept hidden from me until 4 yrs ago when the whole terrible truth was forced out of him.
I've come into some money and have suggested helping him out - he's not keen being that the debt is his - but I feel we've all suffered enough.
Being that he is in the DAS and paying regularly albeit reduced amounts - will his accounts all be in default?
I think I'm right in saying his debts are all with the original lenders.
What would be his chances of a f&f and where would be a wise starting point for offers?
Thank you.
Ok OH has his DAS - it's been running for nearly 4 yrs and in that time he's repaid about £25000 but still has £48000 ish to go.
He's really struggling - he's checked out Scottish trust deeds and bankruptcy neither of which we think will work because he owns half of a property his elderly mother still lives in.
None of the debt is mine - it was all kept hidden from me until 4 yrs ago when the whole terrible truth was forced out of him.
I've come into some money and have suggested helping him out - he's not keen being that the debt is his - but I feel we've all suffered enough.
Being that he is in the DAS and paying regularly albeit reduced amounts - will his accounts all be in default?
I think I'm right in saying his debts are all with the original lenders.
What would be his chances of a f&f and where would be a wise starting point for offers?
Thank you.
Don't try to keep up with the Joneses - Drag them down to your level - it's cheaper . 
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No one?
Don't try to keep up with the Joneses - Drag them down to your level - it's cheaper .0 -
They should be defaulted if he's had to reduce payments to less than the contactual ammounts or minimums at the very least.
Nothing to stop debts being sold on I believe. He would need to check to see who now hold the accounts.
Not sure about the implications of F&Fs on a DAS. Call NDL etc Scottish advice section or whoever helped set this up.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
Thanks fermi - I should have mentioned the DAS is managed by ThinkMoney.
He got his annual statement through from NR yesterday and it's not right so he's going to have to phone them tamorrow.
I'm guessing he'd have to offer any f&f through ThinkMoney.
He so hates havin to deal with this but he as to - I can't.Don't try to keep up with the Joneses - Drag them down to your level - it's cheaper .0
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