In a situation like this, its important that you protect yourself from any legal action that credit providers can take against you.
One option is to undergo a debt review. It means a debt counsellor will look at your case and find a working solution. This will give you some debt relief while leaving credit providers unable to pursue you legally.
What is debt relief?
Debt relief does not mean that your debt gets written off. The debt counsellor will help you restructure your repayments in such a way that it becomes more affordable, allowing you to better manage your debt until it has been paid off.
How does debt review work?
First, your debt counsellor will get in touch with all your credit providers to double-check the monthly amoun…
Read the full article at: http://www.timeslive.co.za/featuredpartner/capitec/2017/05/09/How-debt-review-can-provide-debt-relief1