We receive a lot of questions about various things about debt counselling. Here are some of the things we feel are important for you to note...
1. Don't feel ashamed about you being under debt review
The first thing anybody do is to feel ashamed about its current financial situation. The truth is that a lot of people struggle daily with the same financial problems. Do not be ashamed and apply for debt counselling before it is too late.
2. Debt review will prevent you from making any further debt
Most company will not provide you with loans or other forms of credit if your are under debt review. At the end of the day ... you goal is to be free from any debt in the future.
3. Reckless lending
Some credit providers provides credit and do not comply with the rules and regulations of the NCR. Once under debt review your debt counsellor will assist you to make sure your were not a victim of this.
4. Do not apply to be under debt review and not comply any further
To successfully complete the debt review process you would need to work closely with your debt counsellor and be compliant to your monthly repayment towards your creditors, arranged by him.