You can certainly start a Debt Arrangement Scheme
based on payments of £120 a month. However bear in mind that you need to pay 100% of your unsecured debt using a DAS. As such if you have unsecured debts of £30k they are going to take a very long time to pay. Have you considered the alternative Trust Deed
solution? You might be able to successfully use this to get out of debt far faster. However whether a Trust Deed is appropriate for you or not might well depend on whether you have any equity in your property. Do you know whether this is the case?
Want specific advice about how to manage your debt?
Give me a call: 0800 077 6180, add a new post or go to our website: www.beatmydebt.com