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Debt Arrangement Scheme (SCOTLAND)
Steff90
Posts: 26 Forumite
Hi Everyone!
I have been trawling these forums for a couple months now looking for some advice (and getting very good advice indeed!).
I have been speaking to Payplan and after going through my income/expenditure, I have been recommended to start a DAS plan.
I understand not everyone on here is from Scotland however if anyone has any experiences they can share of being on a DAS, it would be highly appreciated!:D
Basically, I've sent letters to all my creditors (I am around £19-20k in debt:eek:) have only heard from 1 so far. My question is with anyone who has been through/currently going through a DAS, did you take a few months to build up an emergency fund/just general savings and let your debts default then start the payment plan? I'm just worried as I'm a single mother and then all of a sudden not having access to credit I'd like to have some back up money.
Any advice/experience is appreciated.:T
I have been trawling these forums for a couple months now looking for some advice (and getting very good advice indeed!).
I have been speaking to Payplan and after going through my income/expenditure, I have been recommended to start a DAS plan.
I understand not everyone on here is from Scotland however if anyone has any experiences they can share of being on a DAS, it would be highly appreciated!:D
Basically, I've sent letters to all my creditors (I am around £19-20k in debt:eek:) have only heard from 1 so far. My question is with anyone who has been through/currently going through a DAS, did you take a few months to build up an emergency fund/just general savings and let your debts default then start the payment plan? I'm just worried as I'm a single mother and then all of a sudden not having access to credit I'd like to have some back up money.
Any advice/experience is appreciated.:T
Around 20K starting point :eek::eek::eek::eek: Will get there eventually :T
0
Comments
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Hi,
We move posts if we think they will get more help elsewhere, so i have moved your post to the general DFW forum.
Thanks.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
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