An average debt payment programme (DPP) can last for over eight years, therefore, within the period of the DPP there may be times when the debtor’s circumstances change. The DAS legislation allows the debtor, you or a money adviser acting on behalf of the debtor to apply to the DAS Administrator to vary the approved DPP
Variation can result in one or more of a number of changes:
If you wish to apply for a variation of a DPP, you must first have made a reasonable attempt to agree the variation with the debtor. Only then can you apply to the DAS Administrator using Form 4
The DAS Administrator must agree to a variation in the following circumstances
The DAS Administrator may approve a variation subject to the fair and reasonable criteria in the following circumstances
An application for a variation to a DPP for any other reason will only be considered under exceptional circumstances by the DAS Administrator. On receipt of the application, the DAS Administrator will notify you of the application. Where the DAS Administrator is considering the request under the fair and reasonable criteria, the views of the debtor, you and the debtor’s other creditors, money advisers or any other relevant factors will be taken into account. The DAS Administrator will then notify all parties in writing of the decision and the reason(s) for this decision.