disadvantages of debt review
There are more advantages than disadvantages of debt review. One disadvantage is that you will not be able to get new credit under this program. However, your monthly debt instalments and interest rates will be drastically lowered, which definitely is an advantage.
disadvantages of debt counselling
There are more advantages than disadvantages to debt counselling. One disadvantage is that you will not be able to get new credit under this program. However, your monthly debt instalments and interest rates will be drastically lowered, which definitely is an advantage.
debt review pros and cons
There are more pros than cons to being under debt review. One pro is that your monthly instalments and interest rates are reduced and extra money freed up to survive. The only real con is that you will not be able to obtain new credit while undergoing the debt review process.
What are the pros of debt counselling
· Creditors can not take action against you while undergoing this process
· There will be no permanent record against your name
· All your debt instalments will be consolidated into one easy payment
· You will have enough money for day to day living
· You will only pay what you can afford
· No calls from creditors, demanding payments
· Lower interest rates, most of the time your interest will be cut to 0%
What are the cons of debt counselling
· No new credit allowed while undergoing debt counselling
· There are fees payable, but those fees are included in your new instalment
· It might take a bit longer to pay off your debts due to the smaller instalment
