Debt review assist over indebted individuals out of their current financial situation. A debt counsellor will need to comply under the act of the NCR.
Make sure your debt counsellor provide proof that the company is indeed registered with them.
The following things are important
to know about the debt review process:
- On application the debt counsellor will assist you to draw up your budget. In this budget he will make provision for the amount available to all the various creditors and credit providers. It is extremely important that you provide your debt counsellor with all your creditors.
- These creditors will need to supply the debt counsellor with the outstanding balances and initial contract.
- After you are placed under debt review your creditors or credit providers may not further contact you regarding your debt. You will be able to refer them to your debt counsellor.
Frequently asked questions about the debt review process ... click here
Some important things to know about debt counselling ... click here