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  3. Everything you need to know about being under debt review

Everything you need to know about being under debt review

If you’re under debt review, it means your outstanding loans and accounts are being grouped together for more manageable payment.

Being under debt review is the first step towards managing being over-indebted. If you are struggling to meet your monthly payments of open accounts and outstanding loans, it means you are over-indebted.

Debt review will normally be applied for by a debt counselor who will then group all your outstanding loans and accounts into one payment which needs to be made every month.

If you are under debt review, you will not be able to get a credit score or credit report.

If you are under debt review, you won’t be able to apply for any further loans or products.

Debt review is intended to help you overcome your debts and pay off outstanding amounts.

Updated on September 5, 2019

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