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Debt Arrangement Scheme (DAS)

  • What is a DAS?
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Home > Debt Solutions > Is a DAS right for me?

Is a DAS right for me?

When you’re working out if a Debt Arrangement Scheme (DAS) is right for you, you need to look at how it can affect you. This includes considering the ways it may benefit you as well as the potential draw backs.

We’ll take you through the things you need to consider before you apply for DAS. Depending on your financial situation, some of them might not apply to you. But if you give yourself a full picture of the debt solution, you’ll be able to work out if it can actually help you or not.

What to consider before applying for DAS

Here are some of the possible drawbacks of DAS.

  • DAS is a legally binding solution, your creditors have to approve your debt payment programme (DPP). If they don’t, it’s up to the DAS Administrator to decide if it’s the best solution for you.
  • During your DAS, your details will appear on the publically available DAS Register. This is online and anyone can access it. It means that it’s possible for someone to find out about your DAS by searching for your name.
  • When you have a DPP as part of DAS, this will appear on your credit rating for at least six years. If you apply for credit in this time, the creditor will be able to see your DPP. This could mean they’re more likely to reject you or accept you at a higher interest rate.
  • If you don’t follow the rules of your DAS, it can fail. This means that creditors can start adding on interest charges to your debts again. And if you’re not keeping up with your payments, they can seek further legal action.

Still got some questions about how DAS works or how it can affect you? Read our ‘DAS FAQs’ for everything you’ll need to know.

Continue to the next section DAS FAQs

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The Money Advice Service is an impartial service set up by the Government.
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Additional Customer Benefits

Our customers get access to additional services to help improve their financial circumstances. These include:

TV, broadband and landline comparison

Available to everyone – even if you’re not a Harrington Brooks customer

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Utility switching service

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Legal advice on associated debt issues

Only available to current active Harrington Brooks customers

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Benefit and entitlement checks

Only available to current active Harrington Brooks customers

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Looking for friendly help and advice?

Check out our easy-to-read articles and helpful guides if you have any questions about managing your money or if there’s something you just don’t understand about your debts.

If you’d prefer to talk to someone about your debt worries, you can give a member of our team a call on 0161 413 9530 for some impartial advice.

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Money Saving Tips

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Money Management Guides

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Signposting to services

If you're struggling with debt, you might also benefit from access to additional support services. Our signposting to services page provides details of relevant charities and other organisations that could help you.

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HB Financial Solutions Ltd, trading as Harrington Brooks is now Gregory Pennington Limited.

Your payments into a Debt Management Plan are protected and compensation could be available from the FSCS if there are any shortfalls in funds held on a customer’s behalf.

Gregory Pennington Limited (c) 2018. Registered office: Think Park, Mosley Road, Trafford Park, Manchester M17 1FQ. Registered in England and Wales. Co Reg No. 2855061 Authorised and regulated by the Financial Conduct Authority for its consumer credit and insurance and mortgage mediation activities. Regulated by the Claims Management Regulator in respect of regulated claims management activities.

One Advice Ltd, trading as Harrington Brooks IVA is now Freeman Jones Ltd, trading as Harrington Brooks.

Freeman Jones Registered office: Think Park, Mosley Road, Trafford Park, Manchester M17 1FQ. Co Reg No 4348410. Registered in England and Wales. Regulated by the Claims Management Regulator in respect of regulated claims management activities. Freeman Jones Limited is an appointed representative of Gregory Pennington Limited for its credit broking and insurance and mortgage mediation activities, which is authorised and regulated by the Financial Conduct Authority.

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