Debt Review is a process in terms of the National Credit Act for over indebted consumers. The purpose of the act is to protect the over indebted consumer against credit providers. It is the most suitable way to taken against you. The aim of debts evaluation is to have your financial obligations the month and ending up with nothing on your bank account then debt review is for you.
How does Debt Review works?
The First step in the process is to get the help from a debt counselor and we do recommend that you do work with a company that has a NCR number and thus is registered with the NCR. If you apply for debt review then a direct money debt counsellor will assesses your outstanding debt and then consult with credit provider on your behalf and assist you to establish an affordable monthly payment plan that incorporates both your earnings and living expenses. The debt counselor will then draw up and income and expenses document to determine truly if you are able to repay your debts and give the final number to you. It is very important to provide the documentation and information requested so that your debt counselor can provide you with the best possible services. If you are not able to pay back your financial obligations, the formal process of applying for debt counseling will start. It is truly your last chance to save yourself from getting legal action taken against you. The aim of debts evaluation is to have your financial obligations restricted to one affordable monthly premium.