There are many factors to consider before opting for a Debt Arrangement Scheme(DAS)​. Some advantages / disadvantages include:

Advantages

• A DPP lets you repay your debts at an affordable rate, while still leaving you enough money for household bills and living costs
• All interest or charges that are being applied to your debts will be frozen
• Your creditors can’t contact you or take any further legal action against you
• If your situation changes you can apply to vary your payment or apply for a six month payment break
• Once your DPP is complete, your debts are written off

Disadvantages

• 10% of your monthly payment is taken as fees to cover the running costs
• Once you’re on a DPP your details will be put onto the DAS register. This is an online register that anyone can access
• A DPP will appear on your credit file for six years
• If you don’t keep up your payments the DPP could fail, and creditors can add interest charges, or take further action against you