Under DAS, you commit to a debt payment plan (DPP) which allows you to repay your debts based on your disposable income. A DPP can last for any reasonable length of time, depending on the amount of debt and how much you can pay. Your creditors will receive regular payments towards the debt(s) owed to them under the terms agreed in the DPP. When your DPP is approved, all interest, fees, penalties or other charges owed are frozen. You are also protected from your creditors taking any action against you to recover their debt
Your DPP proposal will confirm the amount due the creditors included in your DPP. It will clearly state
Some of the information provided in the DPP proposal wil be shared with your creditors.
You will make a single regular payment to an approved payments distributor who will then in turn make payments to your creditors. You will make this payment throughout the period of your DPP, along with any additional payments agreed to. Should your circumstances change during the period of the DPP you can make an application to the DAS Administrator to vary the agreed payments. Once you have completed the DPP you debts will be seen as satisfied
If your DPP is rejected, then you continue to owe the debt to your creditors. If you do not make your contractual payments your creditors could take action against you to recover the debt.