Check If You Qualify

What is a Low and Grow Debt Arrangement Scheme?

Sharon McDougall - Updated - 23rd July 2024 - 2 minutes to read

Debt support for individuals struggling to make DAS payments

The Debt Arrangement Scheme in Scotland, or DAS, enables people in serious debt to repay their creditors in full over a longer period of time. It’s a debt solution backed by the Scottish government, and works via a debt payment programme (DPP).

The coronavirus pandemic caused significant financial problems in the UK and globally, and made existing debt payment programmes difficult to maintain for many. This is why the Low and Grow Debt Arrangement Scheme was introduced in January 2021.

Interest and charges are frozen on debts within DAS, and the Low and Grow scheme provides further flexibility with regard to payment amounts, helping to prevent the widespread collapse of these important debt remedies.

Scotland Debt Calculator

Get a rough indication of what your repayments might be under each of our different debt solutions.

Your Total Debt

£0 - £5,000

£5,000 - £10,000

£10,000 - £20,000

£20,000+

Your Employment Status

I am employed

I am self-employed

I am unemployed

I am a student

I am retired

Your Total Monthly Income

£0 - £1,000

£1,000 - £2,000

£2,000 - £3,000

£3,000+

What can you pay monthly towards your debt?

£0 - £100

£100 - £200

£200 - £300

£300+

How does the Low and Grow DAS work?

Low and Grow DAS enables you to make smaller contributions towards the debts included in a debt arrangement scheme for a short period of time. Your money adviser will assess your continued ability to pay, and if they believe your financial difficulties are temporary, may recommend a Low and Grow payment plan.

This means your payments would lower, and after three months your financial position assessed again by your money adviser. Low and Grow debt payment plans are intended to last no longer than six months, which may be all the time you need for your circumstances to improve.

Are you eligible for a Low and Grow DPP?

If you have a regular income but are experiencing short-term difficulties, you may be eligible for the Low and Grow Debt Arrangement Scheme. Your money adviser will make a proposal to creditors if they believe you can afford to pay the lower of:

  • 5 per cent of the total debt during the Low and Grow period
  • A minimum of £35 per month

In some circumstances a token payment can be put forward to creditors – if a debtor is waiting for an imminent and guaranteed payment, for example, or is about to commence work for a new employer.

Creditors included in the debt payment plan will be more likely to sanction a lower payment such as this if clear evidence is provided of the debtor’s ability to increase their payments in the near future.

How to apply for a Low and Grow DAS

To apply for a Low and Grow DAS, contact a money adviser approved by the Accountant in Bankruptcy (AiB). You’ll find a list of approved advisers on the DAS Scotland website and also on Scotland’s Financial Health website.

You’ll need to provide your money adviser with all relevant financial information. This might include your bank and credit card statements, for example, details of your income and regular expenditures, and any documentation relating to your debts.

It’s preferable to take too much financial documentation than too little, as your adviser uses it as a basis for your financial assessment, and therefore your eligibility for a Low and Grow DAS.

If you’re assessed as being eligible, the money adviser will put forward a proposal to your unsecured creditors, who can either agree the terms of repayment or refuse them. If anyone refuses the proposal, however, the adviser has the ability to put the plan in place regardless, if they believe it’s fair.

If you would like more information on the Low and Grow Debt Arrangement Scheme, or DAS in general, please get in touch with Scotland Debt Solutions. We can provide the information you need to improve your debt situation, and offer free, same-day meetings to quickly present your best options.

facebook colour icon linkedin colour icon messenger colour icon whatsapp colour icon email colour icon
Sharon McDougall Square

Sharon McDougall

Manager

Other Articles

9 practical tips for cutting your household expenses Household Expenses

9 practical tips for cutting your household expenses

We all want to save on our household bills and have more money in our pocket for the fun things in life. While bills are an unavoidable fact of life, here are some ways you can help to reduce them:

7 Advantages of using a Debt Arrangement Scheme to become debt-free Debt free happy woman

7 Advantages of using a Debt Arrangement Scheme to become debt-free

If you’re trying to deal with overwhelming amounts of debt, you may be eligible for the Debt Arrangement Scheme in Scotland.

10 steps to take now to improve your credit rating Credit Rating

10 steps to take now to improve your credit rating

If you are currently working on reducing the amount of debt you have, improving your credit score may not be at the top of your agenda.

About

Why Choose Us

Usp Discussion

Speak Direct With

A Qualified Adviser

Headset

We Don't Operate

Call Centres

Usp Location

5 Offices in Scotland

National Coverage

Usp House

Ask us About

Home Visits

Usp Award

Fully Regulated Advisors

From a Reputable Firm

Usp Hand Heart

Helping Scots Get

Out of Debt Since 1989

We'll give you a call

Our Scottish based team can help advise you on your debt problems.

Here at Scotland Debt Solutions we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See our Privacy Policy.

Tools

Useful Tools

Personalised Debt Report
Usp Planner

Personalised Debt Report

Our personalised debt report will help you better understand your financial position and see where your money is going.

Debt Report
Instant Scheduled Call & WhatsApp
Headset

Instant Scheduled Call & WhatsApp

Arrange a call with an expert advisor at a time to suit you or contact our team via WhatsApp for immediate help and advice.

Arrange Callback
Find a Local Office
Usp Signpost

Find a Local Office

We have five offices located across Scotland. Find your nearest one here.

Find an Office

OUR SERVICES

We can help you with...

Sequestration

Sequestration

Sequestration is the Scottish version of bankruptcy and may be suitable for you if you do not have the money to pay back your debts

Find out More
Trust Deeds in Scotland

Trust Deeds in Scotland

A Trust Deed involves making a monthly contribution to your debts for up to four years. After this time any remaining debt included in the Trust Deed will not need to be paid.

Find out More
Debt Arrangement Scheme (DAS)

Debt Arrangement Scheme (DAS)

A Debt Arrangement Scheme (DAS) lets you pay off your debt through a series of manageable instalments over a reasonable length of time.

Find out More
Business Debts
Icon Briefcase

Business Debts

Whether you are a sole trader or a limited company director, we can help you work through your current financial problems including money owed to HMRC

Business Debts

Our Insolvency Practitioners are regulated by ICAS or the IPA and our firm is authorised and regulated by the Financial Conduct Authority

Fees and Information: There are fees associated with our services. These will be fully explained before entering into any of the personal debt solutions referred to on this website. Full details of our fees and how these are charged are fully explained to you prior to you committing to any particular service.

ICAS Insolvency Practitioners