Debt Review Process - what is the debt review process?

  Debt Review Process - What is the debt counselling association of South Africa?Home | Debt Review Process - What is the debt counselling association of South Africa?Is Debt Review Expensive? | Debt Review Process - What is the debt counselling association of South Africa?Debt Collection | Debt Review Process - What is the debt counselling association of South Africa?Debt Review Act | Debt Review Process - What is the debt counselling association of South Africa?Debt Review Process | Debt Review Process - What is the debt counselling association of South Africa?Who can Help? | Debt Review Process - What is the debt counselling association of South Africa?Contact

0871 501578

What is the debt review process?

Debt Review Process - what is the debt review process?

 

RELATED ARTICLES >>

The debt review process is fairly simple – all the consumer has to do is allow the debt counsellor to work for and with them to help them regain control of their debts. From A to B the debt review process is designed to make the being over-indebted easier to handle and to protect the consumer.

 

Upon the first meeting with a debt counsellor, a consumer should have all the relevant documentation such as bank statements, ID documents and bills available. This will enable the debt review expert to easily analyse the budget of the consumer and identify creditors that can be contacted. It is important to note that before a debt review expert sees these documents, the consumer should make sure that they are registered with the NCR and has obtained all the necessary qualifications to become a debt review expert.

 

Once debt review has been applied for, the debt review expert will create a new budget for the consumer. This budget will allocate funds to necessary living expenses and debts. However the debt payments will be lessened due to the fact that the debt review process involves negotiating with creditors in order to reduce payments and interests rates.

 

Once these negotiations have been approved, the next step in the debt review process is to find a payment distribution agency who will handle these payments, including paying the allocated amount for living expenses to the consumer.

 

After all this, the debt review process just entails patience on the part of the consumer. Thy need to sit back and let the payments go through, and as debts are paid up enjoy watching their debt problems disappear.

 

Article written by: Andrea van Tonder 06-2013


Debt Review Process - what is the debt review process?

Debt Review Process - what is the debt review process?           Debt Review Process - what is the debt review process? Debt Review Process - what is the debt review process?              

 

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HOME | IS DEBT REVIEW EXPENSIVE? | DEBT COLLECTION | DEBT REVIEW ACT | DEBT REVIEW PROCESS | WHO CAN HELP? | CONTACT
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Copyright 2013 - Website Design | Website Hosting | Search Engine Optimization | SEO Certificate

 

Disclaimer:
The user/s of this website and / or domain, automatically accept and agree that the Owner/s of this website attempt to ensure that the content remains accurate and to date, no liability will be accepted for any errors whatsoever. In addition, the Owner/s of this website to not claim ownership or management of any content. Any errors can be reported to content@debt-review-process.co.za