Missing payments during debt review is serious and can have consequences:
• Your creditors may apply to terminate your debt review and resume legal action
• Your assets (home, vehicle) may become at risk of repossession again
• The court order protection may be rescinded
If you anticipate payment difficulties:
• Contact your debt counsellor IMMEDIATELY – before the due date if possible
• We can negotiate a payment arrangement or variation with creditors
• Temporary adjustments may be possible in genuine hardship cases
Prevention is always better than cure – communicate proactively with your debt counsellor.
It is always best to pay something rather than nothing to keep the process going.