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Debt Review School: Skipping Payments

Never Skip Payments. It Will Invalidate Your Entire Debt Review To Date

If you leave debt review your credit providers may go back to the original agreements they had in place with you before you entered debt review. This may then mean that all the months you have been under debt review you have been short paying what the original contract obligations were. This will mean you will be in a huge amount of arrears and they may demand them of you all in one go. They may also want to add all those fees and interest you did not face while under debt review. Speak to your Debt Counsellor if you are concerned you may not be able to pay on time or in full.

 

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