When you are under debt review and come into some money, and you want to pay off your debt, there are no penalties for early settlement. In fact, it's quite the opposite. The consumer under debt...
It's important to realise that debt review is a journey and takes 3-5 years to successfully complete, depending on your individual circumstances. The maximum time that it can take is five years.
What ...
The NCR Debt Help System is a database listing all the people who have applied for debt review. It shows the status of their application. The NCR Debt Help System is linked to...
A debt review clearance certificate, or Form 19, is a legal document issued by a debt counsellor to verify that a consumer has completed debt review. That means that they have fulfilled all their...
Here are three reasons why your PDA and creditor statements may differ in their balances:
Balances are Estimates: Balances on statements that the debt counsellor issues, which he/she gets from...
When you apply for debt review all the debts for which a credit agreement was signed between you and a credit provider will be included under debt review. This can include:
Which Debts are Included...
Missing a monthly repayment under debt review has various consequences. It’s essential to rectify it promptly to maintain the benefits of debt review. If you miss a monthly payment, credit...
Can you apply for new loans, overdrafts, and store cards while you are on debt review, i.e. can you take out new credit? The answer is no. Let's explore why that's the case.
Why No New Credit?
The...
If you are overwhelmed by calls from your creditors and debt collectors, debt review offers you welcome relief and gives you legal protection. Once you enter debt review, the relentless waves of ...
Navigating the debt review process can be a daunting task and it might seem a scary prospect, because it involves legal proceedings. The good news is that debt review clients are generally not...
Losing your job is always scary and stressful. It can drastically change your financial situation and make it challenging to keep up with debt repayments. It can also jeopardise your debt review ...