Draw Back when on Debt Review
Even though being on debt review may protect you against creditors, it will be noted of this status at the credit bereaux, until you settle all debt, you will not be able to incur any further debt.
Because of the fact that you requested lower repayments from your creditors, your debt will be repaid over a longer period.
If you are married in community of property, both you and your spouse will need to apply together to go under debt review.
Apart from the above, if a proper debt review company assist you, you will be better of in the short term.
Feel free to contact us for assistance.
Please complete the enquiry form and one of consultants will contact you.