Could a DAS be your way out of the debt wilderness?
There are few things more stressful in life than struggling with debts that never seem to go away. You end up feeling deluged by threatening letters, demanding emails and unpleasant phone calls, and it often seems like there’s no way out of the whole scenario. It’s important to remember at such times that help from BlueSky Finance can make a huge difference.
We can offer a sympathetic ear and, potentially, a range of options that can bring you the peace of mind that you crave. There are several schemes that may or may not be appropriate to your needs at the moment, and one of them is a Debt Arrangement Scheme (DAS).
A DAS is only available to people who live in Scotland, and who qualify for the scheme. Those who do can look forward to a number of advantages, including the fact that creditors can no longer contact them about their relevant debts. There will be no more interest added to such debts, a crucial aspect for those who never seem to be able to make a dent in what they owe.
If you qualify for a DAS, your home and savings can be protected as well. All in all, this is an option that can relieve the stress levels in no time, leaving the individual with a clear understanding of how much they have to pay each month from then on. The level of debt within the DAS will not increase, and of course there’s the added bonus of not having creditors constantly asking for more money from you.
Fixed, affordable payments
By entering into a DAS, you agree to pay a set amount of money each month that will then be distributed proportionately to your creditors, leaving you with enough income to pay for things like food, accommodation and general living expenses. If you’re able to manage your finances effectively from then on, you can start to see some light at the end of the tunnel.
This may sound like the perfect solution to your debt problems, and it may well be exactly that, but there are other issues that need to be taken into consideration. It’s likely that your credit rating will be affected for several years, and during the DAS period you will be restricted in any search for further credit. And if you don’t maintain the agreed payments, creditors may then add interest and further charges.
If you would like to find out more about a DAS, and whether you would qualify for one, have a chat with the friendly team at BlueSky Finance soon. We’re available now on 0141 488 2212, and we look forward to discussing your options with you. A DAS may not be suitable for everyone, but it might just be the solution that you’ve been looking for. We can help you apply for it, and will be available to you through every step of the process.