Setting up a DPP
Your DPP is set up and managed by an approved money advisor. All money advisors must be fully trained and approved under the Scheme.
If a DPP is the best option for you a proposal is put forward to your creditors and they have 21 days to decide whether or not they’re happy with this. Even if your creditors don’t agree to this proposal your DPP could still be approved by the DAS Administrator, if they think it’s fair and reasonable to do so.
If your DPP is approved you make one monthly payment to a payments distributor and they share this money between your creditors.
If we recommend a DPP as your best course of action, we can set this up for you free of charge.
What is the DAS register?
When you apply for a DPP your details will be put onto the DAS register. This is an online register that anyone can access. It has information about everyone who’s in the process of applying for, or is on, a DPP.
Considering a DPP?