How long does the DAS take to setup?
The Debt Arrangement Scheme can take 5–6 weeks to set up. DAS is not insolvency, it is the only statutory debt management plan in the UK, however, there are some procedures required.
These include requesting up to date balances from creditors, preparing a proposal that is sent to creditors, and dealing with potential objections.
Using our DAS Wizard tool helps to speed up those administration processes and having an in-house team that handles the Debt Arrangement Scheme from initial enquiry, to DAS application and implementation helps to secure a Debt Arrangement Scheme quicker than most other approved DAS Money Advisors.