To be eligible for a DAS, you would typically meet the following basic criteria:
Have one or more debts
Not be subject to sequestration or any other insolvency procedure
Have a reasonable amount of surplus income after paying priority bills and household expenses
Be resident in Scotland
There is no set minimum level of debt you need to have in order to be eligible for the DAS, however, this solution is designed for people who are unable to manage their current debt repayments.
All unsecured debts can be covered by a DAS, for example:
Credit and store cards, personal loans, overdrafts and catalogue debts. You can also include mortgage, secured loan and rent arrears (but not ongoing payments).
A few debts cannot be included in a DAS including fines imposed by any court and any liability due to fraud.
In order to work out whether a DAS is worth applying for, we would always recommend that you speak to an experienced debt advisor and work out the pros and cons, after establishing what your situation looks like based on your affordability, lifestyle and needs.