Thank you for your question.
When you miss a payment the credit providers have the right to terminate the debt review and take legal action against you without further notice.
It would be best to speak to your debt counsellor without delay, and motivate your reasons for missing this payment. If you had a valid reason for missing payments arrangements could be made with the credit providers. It’s crucial that payments are made on time.
The credit act provides this solution to over-indebted consumers to enable them to keep their homes, vehicles and other assets, but if a consumer miss payments it becomes difficult to keep him/her in the process. If you know in advance that you are going to have an expense which will result in you not being able to make a payment on your debt review, talk to your debt counsellor well before the time. They can then make the necessary arrangements with your credit providers.
Have a great day.