17 Nov Debt Review Removal Scams
When addressing your debt issues and making plans to achieve financial stability, you should be prepared for a process that takes time, patience and diligence. Debt Review is highly effective and can impact your life for the better, but for it to work, you need to be 100% on board. Many individuals spend years making poor financial decisions that taint their credit score and leave them over-indebted. These same consumers then seek a quick fix when it comes to clearing their debts, which can prove disastrous and a waste of time and money.
There are many Debt Review removal scams circulating the internet, which lure in vulnerable consumers when they are at their lowest. These scams often sound farfetched, but falling victim to them is easier than you might think. Scams of this nature may offer “loan-free debt relief”, promise to clear your credit report in a matter of weeks or months, or claim to be able to remove your Debt Review status, even if you have not repaid what you owe. The best way to restore your credit score is to re-establish a good payment history (which takes time) and pay off your debts without delay. Debt Review gives you the opportunity to manage your finances and repay what you owe more easily, so that you overcome your debts legally and in trusted, capable hands.
Note that even if you might manage to leave the Debt Review process before it is complete, your credit report will reflect a Debt Review listing, which will stop you from accessing new loans or entering into new credit agreements. The only way that your credit score will be cleared of Debt Review is when a Debt Counsellor proves that all your debt is paid off – the only exclusion to this debt is a home loan. While reliable Debt Relief is available to struggling individuals, the National Credit Regulator (NCR) protects the rights of consumers, ensuring responsible and fair practices. Only trust services from companies who are registered with the National Credit Regulator, and can provide their NCR Registration Number as proof.
If a company is offering to get you out of Debt Review or Remove you Debt Review status through unprotected debt restructuring services, think twice before believing them. There is no such thing as simply writing off your debt, and typically once a Debt Review court order is in place, you can’t approach the court to be declared no longer over-indebted. If you enter into a voluntary agreement with a company or person and don’t do your homework, you may not be protected by the National Credit Act. If these agreements are not regulated by the NCR, you have no legal right to lodge a complaint anywhere, should you fall victim to a scam.
For transparent and sound Debt Review services that work for you, contact Debtco Group today. We’ve got your back and will make sure you’re on the right path to financial stability.