The concept of debt review may seem intimidating, but debt review is in fact designed to help consumers overwhelmed by debt to restructure their debt repayment plan. One of our NCR Registered Debt Counsellors will conduct a free, zero-risk, no obligation assessment of your debt to determine how we can help you live Debt-Free in 30-60 Months.
How do I qualify for debt review?
To qualify for debt review, you must be employed and earn a regular income. You must also be classified as “over-indebted” and meet certain criteria set out in the National Credit Act. An over-indebted person is unable to meet all of their payments on a monthly basis because their expenses exceed their income.How to join debt review
Our Debt Counsellors will conduct a free, no obligation assessment of your debt situation. Once they have determined how much you can afford to repay each month, they will help you restructure your debts and create a repayment plan that suits your budget. One of our Debt Counsellors is available 24 hours a day, 7 days a week to help you. How to join debt review
Can I get a job under debt review?
There is no reason why entering Debt Review should affect a potential employer’s decision to hire you, as it shows you have taken charge of your debt situation. Many people are placed in banks while under debt review. It’s essential to earn an income for this process to work.
Can debt review be declined?
If your application is rejected you can ask to see the reasons why it was rejected. Make sure you know and understand your payment plan – how much you must pay, when and for how long. When you are under debt review your creditors cannot call you or harass you or ask for extra payments. Once you are in debt review your credit rating will be updated after 90 days, and if there have been no changes to your situation for good or bad it will not affect your rating.