Debt Restructuring

Can You Be Turned Down for Debt Review?

If you are struggling with debt, you might worry that you will be turned away when you ask for help.

Most people who apply for debt review are in real financial trouble, and that is exactly what the process is designed for. Debt review helps when your debt payments are more than you can manage, and you simply cannot afford everything you need to survive.

Being over-indebted means you do not have enough money to pay all your debts and cover your basic needs like food, transport, and rent. Debt counsellors look at your situation and, in most cases, for those who qualify can help you make one affordable payment each month. But if you are not really over-indebted, you do not need debt review. Instead, the debt counsellor can rather give you advice on budgeting or advice on how to speak to your credit providers about payment plans or discounts.

Either way, you will not be judged or turned away just for asking. Whether debt review is the right step or not, speaking to an NCR registered debt counsellor can help you make informed choices and feel more in control.