What is debt review?
Debt Review is a process based on the NCA (National Credit Act) whereby NCR (National Credit Regulator) registered and accredited Debt Counsellors are appointed to assist overindebted consumers by restructuring their monthly debt obligations.
This is done by means of reducing the monthly repayments and extending the repayment terms of the respective debt obligations, in certain severe cases reduced interest rates are negotiated with the creditors to allow for reasonable repayment terms, this process is either conducted formally through the courts or informally via a consent order, the aforementioned is however not as frequent as one would expect.
The process is therefore almost always referred to court for formal restructuring to ensure full compliance by all parties involved.
We at Debt-Rite specialize in this field and will guide you through the entire process from beginning to end. Simply complete the contact form on your right and we will contact you within the same day to begin the debt relief process.