Garden Route Debt Explains Debt Review Flags

Garden Route Debt Explains Debt Review Flags

Garden Route Debt Counsellors

The debt review process can be confusing without the right information. Garden Route Debt Counsellors explains the concept of a debt review flag. When under debt review, your credit report will show a temporary debt review listing, indicating you are repaying debts with lower interest rates and better terms to help you become debt free. This flag appears after a Debt Counsellor, registered with the National Credit Regulator (NCR), assesses your finances and confirms your eligibility for debt review. Once you sign up, the Debt Counsellor informs your creditors, the NCR, and the credit bureaus. The purpose of the flag is to stop credit providers from giving you new debt thereby preventing you from taking on more debt when you already have too much debt. The flag is removed once you complete the debt review and receive a clearance certificate after settling your debts, excluding home loans. Contact Garden Route Debt Counsellors in the Mossel Bay/ Hartenbos area to assist you with professional and hands-on debt counselling. Visit the Garden Route Business Directory for information on more businesses in the Garden Route as well as in the Klein Karoo. The post Garden Route Debt Explains Debt Review Flags first appeared on Lalakoi Publishing Network.