Debt Arrangement Scheme (DAS)

At Debt Arrangement Scheme you can set up a debt payment programme that will help you repay off your debts at a rate that is affordable for you. We do not charge any fees to start of your DPPs.

What is a DAS?

A Debt Arrangement Scheme or DAS is a type of statutory management plan for managing your debts. The debt arrangement scheme allows you to apply for the Debt Payment Program DPP, which is based on the concepts of installments.

The DPP allows you to arrange your payments in terms of installments that offers effective payment of your debts in an organized manner.

Potential benefits of DPP Potential Risks of DPP
• The DPP allows you to organize your payments in terms of installments. • The program consumes 10% of your monthly payments in terms of monthly fee for running your finances..
• The DPP allows nullifying of the applicable interest rate on your debts. • The DPP record will be displayed on your credit profile for 6 years, which can affect your reputation.
•With the fluctuation in your financials, you can alter your plan as well as opt for a different repayment period. •With the fluctuation in your financials, you can alter your plan as well as opt for a different repayment period
• With the completion of DPP, your debts are written off. • In case you are unable to keep up with the payments, your DPP can fail, resulting in creditors taking further action against you.
• Effective payment of the debts with affordable rates, giving the freedom of managing the financials

How does a Debt Arrangement Scheme Work?

The Debt Arrangement Scheme offers a flexible repayment method, which can be used for managing your debts as well as making efficient payment planning.


1.1 Consulting a money advisor:

The initial step for applying for the Debt Arrangement Scheme is consulting a money advisor. Instead of trying to understand the financial process on your own, it is better to consult an expert money advisor. We at Free Debt Helpline offer efficient services of Money Advisory.

The money advisor will have in-depth information regarding the financial metric and will inform you of all details that will need to be consolidated.

1.2 Assessment of your Budget:

The next step is a consolidated assessment of your initial budget. This includes the assessment of your initial budget including your current income stream, currently owned assets, current expenses, total debts to be paid and other financial information.

Your money advisor will assist you in the arranging your current financial information, which will help in the consolidation of the foremost-required credentials.

In addition, your advisor will nominate your potential savings. Remember to exclude the debt repayments in this assessment, as it will lead to nullifying of your income. Removal of the debt repayments will inform you of your surplus income.

1.3 Formation of the DPP Plan:

Once your advisor has consolidated the information of your income streams, expenses, and payable debts, they will guide you towards the formation of an effective Debt Payment Plan. This includes setting aside the necessary income for emergency and normal consumption, forming a payment plan and considering future income streams for better assessment of the installments.

After the plan is ready, your money advisor will contact your creditors with the proposal. Your creditors will have 21 days for approving or rejecting the proposal. In case your creditors do not respond, it is expected that your creditors have accepted your proposal in terms of the fair and reasonable agreement.

1.4 Initialization of DPP:

After the approval of the program by your creditors in terms of objections on its fairness, the program will be sent to the Debt Arrangement Scheme Administer for further approval. Once the interest fee is paid, the applicable interest rates on your accounts will be frozen.

With the initialization of the DPP, your name will be entered in the Debt Arrangement Scheme register. The payments will be sent to your creditors as per decided in the plan. In case your creditors try to contact you, you can contact your money advisor to deal with them.

1.5 The end of the program

At the last payment, your payment distributor will officially sign you off and you will be relieved of the debts on your income. The payment of the debts will be paid interest-free to the creditors. You can even plan for new investments keeping the idea of your financials.

Use DAS to start off a debt payment programme 

Debt Arrangement Scheme lets you repay your debts by making one affordable monthly payment.

The payment is based on the amount of money you have left over once you have paid off all of your household bills rather than your creditors asking you for the amount. During a DPP your creditors are not allowed to increase your debts and should not contact you via telephone, email or face to face.

Things to think about the DPP

 Deciding to start a DPP is a big step and there are things you should consider before you apply. There are the following: 

  •  You have to enough income left over every month after your living costs and be able to pay off your debts over a valid period of time.
  •  If you are expecting to receive a lump sum of money in the next 12 months, i.e: house sale income or the money that your family has given to you, then you are   required to contact your debt advisor to arrange a review.
  •  The DPP will fail if you struggle to keep your payments up to date. Creditors will add interest and charges to the amounts that you owe and they will take legal action against you if you cannot pay off your debts.
  •  If you are finding it hard to maintain your payments, don't hesitate to ask us for help. Your money advisorwill then review and vary your payments potentially to your creditors.

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DPP is only right for you as long as you have money left over at the end of every month (after you have paid your household costs such as the food shopping, accommodation and utility bills) and you can clear off your debts in a reasonable amount of time.

Our professional advisors will work with you to put a budget together. Any money that is left over from this will be split between your debts.
You could make a single payment that is affordable to your DPP. The payment is shared out on a fair basis between the different creditors that you owe money to.

Your DPP has been set up and is getting managed by your money advisor and once your payments have been taken out, it will then get passed onto your creditors by a payment distributor.

Free Debt Helpline are approved money advisors as well as a payments distributor. It means that if you do set up your DPP with us, we will be doing all of this for all our customers.
You are only able to set up a DPP under the DAS scheme if you can repay off what you owe at a reasonable amount of time. If you cannot do that, you will be more suited to a form of insolvency such as sequestration.

Your DPP ends when you’ve made all the payments you agreed to make and the debts have been cleared, or if you clear the debts with a lump sum payment.
If your situation does change while you are on a DPP you could apply to vary the amount that you are paying. Your DPP money advisor will take into consideration to decide whether to approve it or not based on this change.

Your situation may dramatically change during your DPP, I.e: if you are out of your job or go on maternity leave. If this means your income has been reduced by 50% or more, you could also apply for a payment break while you get your situation sorted out.
We will start off your DPP free of charge. Some commercial debt management companies will charge you for this.

Once your DPP has been approved, your payment of 10% has been taken as fees to cover the running costs. The percentage is set in law and there are no other hidden charges.

2% has been paid to the Accountant in Bankruptcy (AiB) and 8% is being kept by your payments distributor.

If you have just started off your DPP with us, we will enter your details onto the DASH Portal (the system the AiB uses to process and monitor DPPs) after the 1st July 2015, we will be your payments distributor so we will keep the 8%.

If your DPP details has been entered onto the DASH Portal before the 1st July 2015, another company will be your payments distributor and they get to keep the 8%.  

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