Debt review is a process that is designed to help put people back on track when they are struggling financially. Expenses seem to just add up until, before you know it, there are outstanding bills and you’re now in debt. If you are struggling with keeping on top of your monthly debt repayments, debt review may be the solution you need. One Debt offers a debt review program that consolidates your debt in ten simple steps.
How does it work?
To begin, you need to sign up. You can visit the One Debt website and fill in the contact form to learn more about the process from a helpful debt counsellor, or you can fill in the application form directly on the website. You will need to attach to your application form certified copies of your ID, proof of employment and financial records, as well as a list of all your current creditors and outstanding debt. When your application has been processed and approved, you do not need to stress – qualified debt counsellors will manage everything for you! First, your credit providers, the NCR and the credit bureaus will be alerted that you are undergoing debt review, and your outstanding debt will be confirmed by your creditors. A Payment Distribution Agency will draw up a budget and repayment plan for all your debt, which will be sent to each of your credit providers for approval. All you need to do is ensure that you pay a single monthly payment to the Payment Distribution Agency. They will then divide it up and distribute the payment to all of your credit providers according to your repayment plan.
Let debt review remove the stress of debt
Going under debt review can help you manage and maintain a healthy financial environment through realistic and reasonable debt repayment plans. Debt review helps you meet your financial deadlines affordably, so that you don’t have to worry about overspending your budget or defaulting on debt repayments. In addition, debt review protects you from being blacklisted or legally pursued for your bad credit, so that while you are in the debt review process, you do not have any further stress. Your main responsibilities with debt review is to ensure that you make your one monthly payment to the Payment Distribution Agency, and practicing healthy financial habits to prepare for your debt-free life ahead. For more information about debt review, contact One Debt today.