Can I cancel my Debt Review and continue to pay directly?
Can I cancel my Debt Review and continue to pay directly the reduced installment to my creditors?
The National Debt Review Center FAQ’s
The application to terminate a debt review depends on the consumer’s ability to show he or she is no longer over-indebted.
If the consumer cannot afford to increase the debt review repayment amounts, preferably to the amounts that they were paying before commencing with the debt review process, it is highly unlikely that the application shall succeed unless the creditors have indicated acceptance of such reduced payments.
Remember, while it’s possible to cancel your debt review, it’s a decision that should be made with careful consideration and ideally under the guidance of a financial advisor or a registered debt counsellor. This ensures that you’re making the best decision for your financial health and future.
Got More Questions? We have gathered the most frequently asked questions about exiting debt review here.
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The National Debt Review Center
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