Debt Review School | What is Drop Off?

When someone who is in debt review stops making the required payments each month for their debt review this is called: drop off.

Of course, just because someone stops paying it does not make the record of their having entered or started debt review magically disappear. That listing at the credit bureaus and with the National Credit Regulator will stay in place until the consumer settles all their debts one way or another.

Sometimes when Debt Counsellors talk about people who have left debt review they may also refer to drop off.

For example: “I have had 10 people drop off this year”.