What is Debt payment program (DPP)

The Debt payment program it’s really similar to bankruptcy. If you sing up for this program then you will be able to pay of any reasonable amount of debt on a long period. Of course there are advantages and disadvantages for this program like: advantages this program protects the borrower from the creditor because they can’t take any enforced actions against them, the program can’t be cancelled if it is well justified and also freezes the interest rates when goes in to action and these rates are frozen until the debt is written off. Disadvantages this program lasts until the debt has been paid off, and a customer can only apply once in a 12 month basis. And the customer can’t apply directly for this DAS protection only by a DAS approved money advisor.