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Back on Track

Tackling problem debt, together

The Insolvency Service of Ireland (ISI) is an independent government organisation set up to help sort out personal debt problems and help get people back on track.


Debt Settlement Arrangement

A solution for people with unmanageable unsecured debt

How do I know if a DSA is the right insolvency solution for me?

If you have unsecured  debt such as credit cards, loans and overdrafts, a DSA could be the right choice for you.

A DSA is a formal agreement with all your creditors that will write off some of your debt.

What are the benefits for me?

Your professional advisor (also known as a Personal Insolvency Practitioner) will deal with your creditors on your behalf, putting an end to any demands for unpaid debt - no more phone calls, letters or visits.
Under the DSA you agree to repay a percentage of your overall debt that you can afford in monthly payments over a given period of time.
A DSA is a legally binding arrangement between you and your creditors; so it cannot be changed without the agreement of both parties, meaning no surprise changes such as additional interest or charges added along the way.
While making these repayments you are entitled to a reasonable standard of living. You will not be told how you should spend your allocated reasonable living expenses, so you are still in complete control of your spending.
Once your final agreed monthly repayment is made and you have kept to the terms of the arrangement, your creditors will write off your remaining unsecured debt.
Entering into a DSA should indicate to potential lenders that you are proactively addressing your financial situation, and on completion of the arrangement you will be solvent, which means you could be more eligible to obtain credit. However, the decision on whether or not to give credit is up to the lender and this is always the case.

How much will it cost me to apply?

Just like any other professional providing a service, a PIP may charge a consultation fee in order to determine if you are eligible to apply. After that, any PIP fees are usually built into the DSA repayment plan.

If you are in arrears on your home mortgage you could be eligible for a free PIP consultation under a new State-funded scheme.

View more details on the scheme.

View our list of Personal Insolvency Practitioners participating in the scheme.

There is no application fee as the ISI has waived its fees.

How do I get a DSA?

First, arrange to meet with a Personal Insolvency Practitioner (PIP). Part of a network of qualified professional advisors regulated by the ISI, each PIP is an expert in debt advice, so don’t feel embarrassed about your situation; they can and want to help you reach a solution. They will assess your options and prepare a tailored solution that best suits your needs.

PIPs are located around the country and contact details can be found here or by calling the ISI’s information line 01 764 4200.

View contact details of PIPs participating in the Back on Track campaign

View more information on what a PIP can do for you.

Take the first step to getting back on track financially with ISI.

Download our short guide to Debt Settlement Arrangment

Download the full guide to Debt Settlement Arrangment.

01 764 4200

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