In this week’s blog we are going to cover how a consumer can seek help for these bad debts by way of obtaining a debt restructuring court order, such as Debt Review or an Administration Order, depending on your personal circumstances. A debt restructuring court order...
Now that we have a deeper understanding of what a loan is we can dive a bit deeper into the interest rate itself. Interest rates are determined by the type of loan such as credit cards, clothing accounts, furniture accounts, student loans, car finance or a mortgage...
D & R Incorporated is also an accredited Debt Review Counsellor so let's now list the Pro's and Con's to a Debt Review as a debt relief solution: Pro's to Debt Review • You receive the legal protection of a debt restructuring court order that protects your salary...
In the following week’s we aim to tackle some key financial topics such as: What is a loan? How does interest work and how does this effect you? Let’s start at the beginning by firstly explaining - WHAT IS A LOAN? If you, as a consumer, borrow money from an accredited...
D & R Incorporated is an accredited Administrator so let's list the Pro's and Con's to an Administration Order debt solution: Pro's to Administration • You receive the legal protection of a debt restructuring court order that protects your salary and assets • Pay...
D & R is both an accredited Administrator & Debt Review Counsellor, but what is the difference between Debt Review and Administration? There are four main differences that set Debt Review apart from Administration which can be broken down into the following...
As an accredited Administrator & Debt Review Counsellor the number one question we are always asked is:How long will I be under Debt Review or Administration?The answer actually differs from person to person, this is because it all depends on: 1. Your Total Debt...
A Fin24 reader who is under debt review and about to resign wants to know what they should do with their pension payout. They write: I'm planning on resigning as a government employee after 20 years of service. I expect a pension payout of R900 000. I'm under debt...
A couple's plan to buy a house has been halted, after finding that both were listed as under debt review despite not being married in community of property. They look to an expert on how to rectify this. They write: I was under debt review and got a clearance...
There has always been a misunderstanding about the difference between debt review and a debt consolidation loan as many believe these two products are the same. In fact these two products are very different and the one will leave you worse off than before…. When it...
