I just worry as I hope I have done the right thing. It all seems more complicated than debt payment arrangement but I guess it is because it is legally binding. I built up an extra £5000 debt since I have been in a debt payment arrangement. My debt payment arrangement started at £14,000 & is currently £9600 but will adding on the further 5000 to my trust deed that’s built up during it it’s practically back to square one.

Hi Nicci_36.

The simple rule is that anything that goes on your credit file will disappear six years later. So...

1 - The DAS will disappear 6 years after it began.

2 - Any account with a default notice will disappear 6 years after the default notice was issued.

3 - Your trust deed will disappear 6 years after it began.

Are you sure that your proposed trust deed payment is affordable and you'll not need to use further credit during it?

Thank you for answering my questions. Yes my proposed trust deed payment is affordable. So my DAS if I did continue and not transfer to trust deed (even though I don’t think that’s an options now) would have fall off my report next year as that will be 6 years even though I would still be making payments to my DAS until 2032 (sorry said earlier 2022 it is 2032 due to end. Also any creditors that are included in my trust deed from 2017 will fall off my credit report next year but my trust deed will show for 6 years?

It’s all so confusing. I just hope I have done the right thing. I think I have but I just worry as a trust deed is legally binding & a lot more too it than a DAS

That's correct as I understand it, Nicci36.

So would my DAS or any defaults have affected me when it had fallen of my credit report next year even though I would still be paying my DAS until my debt was cleared which would have been 2032?

One of the standard conditions of a DAS payment programme is that you are restricted in the amount of credit you are allowed to take out, irrespective of what is showing on your credit file. Those restrictions last for as long as the DAS is active, so yes the DAS would still have affected your ability to get credit until it completed.

Quick point of clarity regards credit file:

Typically a DAS leaves your credit file either:

- 6 years after it began, OR
- Upon its completion

Whichever is the later of those two dates. As it stands, your DAS will leave your file on the six year anniversary of it beginning.

However, unlike a TD, your creditors do not need to default your accounts at the start of your DAS, so a "trail" can remain until six years after you've completed it.

Any accounts already defaulted will leave your file six years from the default date, regardless of switching solutions. However, the debts are still active and payable, as the prescription period (Scottish equivalent to Statute Barred) is from your last relevant acknowledgement of the debt (e.g. your most recent DAS payment).