Am I right that the DPP under DAS is better than the DMP as it is a formal legal binding document with the Scottish government and also because the interest is frozen and my creditors won't be able to contact me anymore and I will have an end date providing I stick to the agreement and pay the required amount every month and don't take a break.

Have I learnt something?

Looks like you have learned a lot Kerry.

If DAS is accepted your creditors have to stop adding interest and charges. In a debt management plan they might stop adding interest and charges.

If DAS is accepted included creditors cannot take legal action to recover the debts owed to them. In a debt management plan this option remains open to them.

Without the prospect of extra costs for interest, charges, or legal action, the end date of a DAS is predictable (assuming all payments are made and that the payment level does not change).

Yeah thats what i was thinking, do you think there would be a reason for a creditor not to accept a DAS?

Hi Kerry,

It sounds like you have went about things in the right way and worked out that the DAS is the probably the most suitable option.

Generally the only creditor that I encounter difficulties with under a DAS is HM Revenue & Customs. The vast majority of creditors are prepared to accept the DAS proposal providing it doesn't run longer than 10 years.

As your DAS is scheduled to last for less than 4 years I would be extremely surprised if they were to reject the DAS proposal.

My creditors are an overdraft a credit card, catalogue and 2 phone companies so hopfully its ok.Thank you David and TDA for all your help, i could not of organised all this without you. Ive emailed all my details and proof ect to stepchange and fingers crossed its streight forward. I will definatly recommend this forum to other people that are in need of help.
Thank you i will keep you posted

Your welcome!

From what you say it sounds like your DAS should be fairly straight forward based on the creditors that you.

In terms of a rough timescale for your DAS, StepChange will verify the debt balances and once they have done this, they can release the proposal to your creditors who then have 21 days to consider and accept/reject the proposal. All in, I normally advise clients it can be between 7-9 weeks to have the DAS fully set up and approved.

Let us know how you get on.

Good luck Kerry - glad you found the right solution in the end!