What is Debt Review?

This question has been asked quite a bit and with more and more people looking debt review, we decided to give an explanation regarding this question.

Debt Review is basically the process where anyone who is in debt, can be placed under debt review in order to protect them from the creditors and not be blacklisted.

The Debt Counsellor basically negotiates with your creditors about your outstanding amounts and then gets an agreement that you will repay the debts at the stated amounts owed. The creditor can then not take legal steps, unless they have already started with legal steps before you are placed under debt review.

There are fees involved as well that you have to pay, but we will discuss this in more detail with you, so be sure to contact us and we will contact you with more detailed information.

 

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