This is the organisation responsible for distributing money paid into a DPP. Once a DAS DPP becomes approved then a Payment Distributor (PD) is appointed. The PD would contact you in order to make arrangements to collect your payments each month. They will then distribute these funds to all of your creditors each month. You therefore only need to make one monthly payment to your debts regardless of how many creditors you have. The costs of your Payment Distributor are met by your creditors.
May not be suitable in all circumstances. Fees apply. Your credit rating may be affected.
Free debt counselling, debt adjusting and providing of credit information services is available to customers by contacting MoneyHelper.