What are the advantages of a Debt Arrangement Scheme?

What are the advantages of a Debt Arrangement Scheme?
  • You have more time to pay off your debts
  • Interest and fees are frozen once a Debt Payment Program has been agreed
  • Your creditors are not able to take any further legal action
  • Debts are consolidated into a single payment that you know is affordable because your financial situation has already been reviewed by a professional money advisor
  • Escalating debts are halted, providing some relief from stress
  • You can avoid full insolvency as you will still be paying your debts in full