As part of our regular discussions with the money advice community, the AiB acting as DAS Administrator seeks to continuously improve the DAS process and respond to changes in wider society. Money advisers have made us aware of their concerns regarding the recent significant increases in the cost of living.
Potential solutions were discussed at the DAS Review Board. The discussion focussed on the potential for money advisers to contact creditors to request that the repayments made in cases where debtors can no longer meet their payment obligations are treated as paid to date settlements, allowing DPPs to be completed.
To help streamline the administrative process for money advisers, the DAS Administrator has prepared a pro forma request with guidance which money advisers may use to make this request to creditors.