How is the CFS incorporated into the Debt Arrangement Scheme (DAS)?
DAS is a debt-management tool introduced by the Scottish Government. It is designed to help people in debt manage their repayments. DAS can also provide protection from creditors making a client bankrupt or enforcing debts by diligence. Access to the scheme is only via an approved money adviser. Professional guidance written for approved DAS money advisers refer tos the CFS under section 4.2.7: “Use, as a base line, the trigger figures for expenditure as detailed in the nationally agreed, BBA and MAT partner agencies income and expenditure form (Common Financial Statement). However, care must be taken to ensure that individual circumstances are taken into account and where necessary include a letter of support.” For more information please view the DAS approved money adviser guidance.
