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Answer for General Debt Review Enquiry

Hi there,
 
Thank you for your question.
 
In the debt review process, you still will have to pay interest rate – but your interest rate will be dramatically reduced (by up to 50%) in most cases and depending on what we are able to negotiate with the creditors.
 
Interest is also still charged during the administration process. That is why so many people stay in the administration process for decades. They don’t make sure that the amount that is paid is more than what is the interest being added. That way balances will just keep growing and growing.
 
With our debt review process, we make sure that interest is reduced so we can cover interest charges and ensure funds are applied to outstanding capital as well.
 
Kind regards.