3) CAN YOU REPAY YOUR DEBTS IN A REASONABLE TIME?
In the Debt Arrangement Scheme, unlike many Schemes, you do not have to pay all your disposable income to your debts. However, the shorter the period you propose to repay your debts over, the more likely your proposal will be accepted.
You will also become free from debt sooner.
However, it is important not to offer too much. Your proposal should be comfortable and sustainable.
As a general rule of thumb, DAS proposals of under 5 years have a very high chance of success, but anything up to 10 years may be considered reasonable (longer may be possible, in exceptional circumstances).
The calculator will help you work out how long it will take you to pay your debts off, depending on what you think you can pay each month.
Enter your total debt and what you believe you can comfortably pay each month.