If you are not struggling to make your monthly payments each month , the Debt Arrangement Scheme is not suitable for you.
That is not to say you don’t have other options that can help you reduce what you pay each month.
It may be you can refinance:
- You may be able to take out a personal loan to pay off a high interest rate credit card; or
- Switch your credit card to another provider, with a lower interest rate.
To investigate this further, you can visit comparison sites or take Independent Financial Advice.