Hi ali

I would have thought that entering DAS would have been a better option. DMP's have no legal backing as such, whereas DAS will freeze interest and take account of both parents debt.

Mark

Do they live in Scotland ali212006?

Not many circumstances in which a DMP seems the best bet if they do.

The following page explains how debt management plans in Scotland do not provide formal legal protection from creditors nor guarantee that interest and charges will stop:

https://www.trust-deed.co.uk/debt-management-plan.html

Thanks I am not sure if it maybe is a DAS they are doing I just assumed it was the same thing. They just don't want to include my mums accounts as she doesn't have much and is managing her stuff. Its just the joint account that they have an overdraft with. I was just wondering if they can include this without taking into consideration her other commitments. They both live in scotland 🙂

I'd think that would be fine. Your mum would remain fully personally responsible for the joint overdraft if she wasn't involved.

Debt management plans and the debt arrangement scheme are quite different; I'd suggest checking which is being proposed.

That's great thanks for your advise. Ill read up and see what I can find out.

Tend to agree with all other comments in relation to DAS v DMP in particular Mark's comments that:

a. DMP has no legal backbone to it & Interest may continue or be re-applied at any time.

b. Whereas DAS has the legal backing, in particular stopping any forms of diligence (court action) relating to the debts and also has the cessation of interest charges on the debts as a requirement.

Chris

Whether you've decided to share all your money in one joint account or have joint and separate accounts, the fact is that most couples do have some of their money in a joint account. What you need to decide between you is how you'll use the joint account, so that you can work out which bank or building society will give you the best deal for your circumstances.

Thanks for your responses I have doen some reading today and I will ask them exactly what my dad is trying to do. You see he has all the credit. All my mum has is her car in her own account. the company they have gone to have said that becasue they have a joint account they need to consider my mums accounts also which is something they wish to avoid.

thanks for your help 😀

Consideration maybe, but it doesn't sound as though she should be compelled.

They may wish to cross-check the advice they have had with one or two more sources.

Does your dad have other debts with the bank with which they have the joint account? If so then the bank may insist that the overdraft is also repaid, meaning it may as well be included from the start.