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Debt can mount up if people are dealing with life changing situations but the Debt Arrangement Scheme may help you
MANY people find themselves in debt, often due to circumstances beyond their control.
Debt doesn’t come alone and often follows other difficult bedfellows such as divorce or ill health.
When people are reeling from a life-changing crisis, mounting debt often takes second place.
But too many Scots find themselves bankrupt or with a trust deed when they could be eligible under the Debt Arrangement Scheme (DAS).
A DAS is a way for people to ease their financial strife
Regional breakdown graphic, rate per 10,000 per adult population
WHERE TO GET Go to HELP www.aib.gov.uk/ debt-arrangement-scheme find an adviser to and ask about where all the interest, DAS charges on fees and the debt will be and waived if frozen you fully complete your debt payment and programme creditors receive more 90% or of the money owed to them
repayments, facing spiralling costs and intimidating demand letters.
The Scottish Government is encouraging people to consider DAS as a first option before thinking about entering an insolvency solution as these have much more serious consequences.
And we are backing a campaign to reassure people there is a way to pay back what they owe and keep their head above the water.
We will signpost readers to trained money advisers who will be able to offer advice, stop creditors demands, and find a way to repay debts over a reasonable time. You could receive help with your debt through DAS
●CouldyoubenefitfromDAS?