Are You Sick And Tired Of Debt?
WHAT OTHERS HAVE TO SAY ON GOOGLE
Debt review is the process whereby a debt counsellor assesses client’s outstanding debts, consults with credit providers on the client’s behalf and assists the client in establishing an affordable monthly payment plan that incorporates both earning and living expenses.
No, If you are under debt review it will not keep growing
Yes, If you have completed the debt counselling process then you can get credit again.
Debt review is the process whereby a debt counsellor assesses a client’s outstanding debt and implements a restructured debt repayment plan. This will be done through the process of renegotiating interest rates with credit providers in order to reduce them, as well as by extending the debt repayment terms.
A new affordable monthly budget and payment plan will be drawn up by a debt counsellor, which will provide the client with the correct guidelines and means to live off.
In addition to this, the debt review process entails that the client makes only one monthly debt repayment to a payment distribution agency, which will then pay all the clients credit providers. This reduces the stress of having to keep up to date and on top of multiple debt repayments.
Most importantly, when under debt review, clients are legally protected by the National Credit Act (NCA) and creditors are no longer allowed to hassle them.