During the first 5 days after you enter into Debt Review, we’ll draw up an affordable debt repayment plan, easing your cash flow and accommodating your living costs. My Debt Assistant will assess your financial circumstances (income, expenses and what you can afford to pay towards debt each month)
We will then negotiate with your credit providers to get your instalments and interest rates reduced and your repayment term extended. Your debt counsellor will make sure that you can afford your new debt repayments and maintain a normal standard of living.
Also, your credit providers won’t be able to take legal action against you for 60 working days after you enter Debt Review. This means your assets are protected, while we get your financial affairs in order.
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