DAS:
You can end your DPP through DAS early by making a lump sum payment equal to all the outstanding payments due.
If your lump sum doesn’t equal the outstanding payments, you can still make a partial settlement offer at any time. All creditors are offered a fair share, those that accept the partial settlement will be removed from your DPP and those that don’t will remain in your DPP.
Your money adviser can also ask your creditors to accept less than the full amount you owed them when you started on the DAS.
This is called “offering a composition” and is only possible once you’ve repaid 70% of your debts and you’ve been making full payments.
If all your creditors accept this, you’ll be able to end your DPP early.
DMP:
You can also pay a DMP off early with a lump sum.
It may be possible to make a partial settlement, and request that the remainder of the debt is written off. This will depend on your creditors, and how much of the debt you’ve already paid off. Find out more about making settlement offers to creditors.