A Debt Arrangement Scheme is a type of debt management tool available to those only in Scotland. It allows you to apply for a debt payment program (DPP) which means you can make affordable monthly payments towards your debts. If you are a resident in Scotland and you are wondering if you are eligible for a Debt Arrangement Scheme, read our content below to find out more.
Debt Arrangement Scheme
Debt arrangement schemes provide a debt payment programme to repay debts in full whilst providing protection from creditors. This means you can organise more manageable monthly payments without the harassment of creditors and debt collectors. However, there are some consequences to a Debt Arrangement Scheme so those considering one should weigh up the pros and cons before making a decision. Have a read of our FAQs and advice below for more information.