What is a Low and Grow Debt Arrangement Scheme?

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.

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.