Debt Review Blog

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Cancelling Debt With Debt Review

This is a real-life scenario... In specific cases, your debt could be written-off. Mr. Laubscher had been diagnosed with Multiple Sclerosis.  When we consulted with them during 2016, Mr. Laubscher was already unable to work and Mrs. Laubscher was the sole breadwinner....

Reckless Credit Allegations

Debt Review Centre was recently able to successfully bring allegations of Reckless Credit. What is A Reckless Credit Allegation? Reckless credit allegations may happen when creditors fail to conduct a thorough analysis of whether the consumer is able to pay the money...

Common Misconceptions About Debt Review

Here are some common misconceptions or misunderstandings about Debt Review When you apply for Debt Review, you are blacklisted. Debt Review takes 5 years to complete I have to appear in Court when I am in Debt Review Debt Counsellors just take your money and do not...

Should I Go Into Debt Review

When Should I go Into Debt Review? Often clients tell us that if they knew the process of debt review was so simple and effective, they would have applied sooner. I usually ask clients then why did they wait so long. The most common response is that they did not know...

Understanding The Debt Collection Process

  The debt collection process is a simple process with severe consequences for the unaware debtor. So you skip a payment here and there and think it will not have an effect, as long as you make a payment again next month, right? Sure some creditors do not proceed...

Personal Surety – Why I Should Not Sign It

What Is Surety? Personal Surety is defined as “A surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract”....

Planning A Proper Budget (5 Steps)

Print This Post Planning a budget seems relatively simple and by following the below guidelines it is. Sticking to the budget and tracking same on a monthly basis takes effort and commitment to your financial goals. This is where most people fall...

Why You Should Not Borrow Money On Behalf Of Others

We have noticed that our clients raise this subject more and more often. They have taken out a loan or a clothing account on behalf of a friend or family member, but as of late the borrower is unable to make payment when it is due and this has led to the client’s...

How To Get Out Of Debt: Three Steps

What is Bad debt? Firstly, you need to understand that there is a difference between good and bad debt. By this statement obviously not all debt should be considered as bad. To distinguish between the two is relatively simple. Bad debt takes money from you and will...