Interest continues to accrue on your debt during debt review, but typically at reduced rates negotiated as part of the restructuring process.
Key points:
• Interest rates are often significantly reduced during debt review
• Many creditors agree to 0% interest on certain accounts
• Your payments are structured so that debt reduces over time
• No additional fees or charges can be added by creditors
The goal of the restructured plan is to ensure your debt is fully repaid within the agreed term, not to perpetuate the debt.