Debt Review Removal: A Lifeline, But Not Forever
Let’s be upfront about things. Like every instrument, debt review elimination has its limits even if it is a potent one in South Africa. Developed under the National Credit Act (NCA), debt review removal restructures payments through a licenced debt counselor to assist those who are drowning in debt. In negotiating with creditors, this counsellor reduces monthly payments and provides some breathing space. But a debt review also limits your ability to get more credit. What happens next, if you’ve faithfully paid your dues and want out? Reviewing debt escape strategies is essential. The opting out procedure is not easy.