Sentences with phrase «debt payment programme»

DAS is flexible and, if your circumstances change, you may be able to vary your debt payment programme to make it more affordable, or even pay it off more quickly if your situation has improved.

If your debt payment programme is approved, it is effective from midnight on the day before the date that the DAS Administrator confirms this on the DAS Register.

You can apply for a debt payment programme under the Debt Arrangement Scheme (DAS) if you can clear your debts within a reasonable period (usually within 10 years).

Your payments distributor will contact your creditors and arrange to pay regular amounts to them for the period of time agreed in the debt payment programme.

Approved money advisers working for citizens advice bureaux, independent advice centres and local councils will not charge you for their advice, or for preparing your debt payment programme application.

Even if a creditor has objected, the DAS Administrator can still approve your debt payment programme by using the «Fair and Reasonable» test.

The DAS Administrator will contact you and the other parties to the debt payment programme to tell you that they intend to revoke it, giving you at least four weeks to respond.

Normally, you can not have a debt payment programme when you have a conjoined arrestment order.

It will give you time to pay off your debts over a reasonable length of time through a debt payment programme.

All creditors who are named on your debt payment programme proposal will be sent a copy.

If you have hire purchase or conditional sale arrears, only the arrears will be included within your debt payment programme.

If one or more of your creditors do not agree with the debt payment programme, they will tell the DAS Administrator.

In Scotland, a debt payment programme under the Debt Arrangement Scheme (DAS) is usually a much better option than a free debt management plan because, for example, interest and charges automatically stop.

Once this has happened, you can not be held liable for any further payments towards the debts included in the debt payment programme, or any further penalties, interest or charges.

If a creditor tries to take legal action to enforce a debt that is not included in the conjoined arrestment order, you may still be eligible for a debt payment programme.

If you want to withdraw your application for a DAS debt payment programme, you must tell the DAS Administrator in writing before they have either rejected or approved your application.

A debt payment programme can not protect you from enforcement of these arrears.

The DAS Register gives information about those who are applying for, or who have already got, a debt payment programme.

Once you have found an approved money adviser and decided that a DAS debt payment programme is your best option, your approved money adviser will take you through a series of steps.

For example, a debt payment programme approved on 1 February will be effective on midnight of 31 January.

This option is available to sole traders, but it is not available in a business DAS debt payment programme.

Once the debt payment programme proposal has been approved, the earnings arrestment must stop.

This means you will only be making a single payment towards your debts, as set out in your debt payment programme.

If you are unhappy with the way in which your debt payment programme has been dealt with, you may have reasons for complaint about your approved money adviser or the DAS Administrator.

If you think that a debt payment programme through DAS might be the best option to help you with your debts, you need to get help from an approved money adviser.

Also, your creditors can ask you to pay the interest and charges that would have been payable if you had not started the debt payment programme.

If you are in a DAS debt payment programme that began some time ago, the rules affecting your programme may be different to the current ones.

If a joint debt payment programme is revoked on the grounds of separation, creditors can not immediately take action to enforce court orders (use «diligence»).

Also, one of the factors the court or tribunal must consider, when deciding if it is reasonable in all the circumstances to allow eviction to go ahead, is whether you are in a debt payment programme.

In the meantime, your adviser can contact the AiB and confirm that you are intending to apply for a debt payment programme.

If you do not respond and the debt payment programme is revoked, your creditors can not take action against you for 14 days from the date of the decision to revoke.

It can take a little bit of time for your approved money adviser to get all the information that they need to be ready to apply for your debt payment programme.

Either your approved money adviser or the DAS Administrator will let your payments distributor know about your debt payment programme so that they can arrange the start of your payments.

If you want to apply as a couple for a joint debt payment plan, you must both agree to the debt payment programme proposal.

The DAS Administrator will also tell your employer to stop taking money from your wages to pay the debt payment programme, if it has been happening.

If you have agreed in writing to pay a fee to a continuing money adviser, the way that they manage your debt payment programme is different to the way that approved advisers who offer free advice will operate.

If you start to claim benefits and are already in a debt payment programme that includes a debt which could be deducted directly from your benefit, you could find that the Department for Work and Pensions starts to make direct deductions for this debt.

However, once your proposal has been approved, the administration of the debt payment programme is different.

If you can not keep to the payments on your debt payment programme because your circumstances change, you should apply to vary it before it is cancelled.

You would have to pay this fee because it can not be included in the debt payment programme.

Your employer will usually not know that you have a debt payment programme.

If you are using an approved money adviser from a free advice agency, the DAS Administrator becomes responsible for the administration of your debt payment programme.

You are not supposed to take out further credit whilst you are in a debt payment programme, unless one of the following special circumstances applies to you.

If you have mortgage or rent arrears, you can still apply for a debt payment programme, but you must include your arrears in the debt payment programme.

It is important that you keep up your regular mortgage or rent payments whilst you are in a debt payment programme.

The DAS Administrator, or a fee charging money adviser, can ask creditors to accept less than the full amount of the money that you owed them when you started the debt payment programme.

A debt payment programme will not stop a mortgage or secured lender or landlord from repossessing your home if you have mortgage or rent arrears, (although it may make it less likely for the court to grant repossession).

Speak to your approved money adviser about whether a debt payment programme is a realistic option if you start to claim social security benefits.

If a court had previously ordered that money should be taken out of your wages to repay a debt before you applied for a debt payment programme, your employer will be told to stop making these deductions immediately.

If you have mortgage or rent arrears included in a DAS debt payment programme, but your lender still starts possession action, the court or tribunal may take this into account when deciding the case.