What is a debt payment programme (DPP)?
If you believe a debt payment programme (DPP) under DAS is right for you, your DAS approved money adviser will ask your creditors to agree a DPP.
This is an agreement that allows you to pay off your debts over an extended period of time. The programme can be for any amount of money or for any reasonable length of time.
If creditors all agree or are deemed to have agreed (because they do not respond) the debt payment programme under DAS is agreed automatically. Creditors will then be bound by this DPP as long as you stick to the agreement.
If creditors do not consent then the DAS administrator can still approve the debt payment programme if it is fair and reasonable to do so.
If your circumstances change, the programme can be varied to take account of this (if all creditors agree or if the DAS administrator decides it is fair and reasonable).
