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Debtfree Magazine November 2019 – Our Editor’s Note

Debt Counsellors often wonder if the person they are sitting talking to about their financial problems has what it actually takes to get out of debt. You see, most people don’t like dealing with the consequences of having spent more than they have and going into debt. That’s pretty common. Those who reach out for help through a Debt Counsellor prove that they are willing to at least talk about and try to do something about their debt. That’s somewhat uncommon but do they have what it takes to make it all the way through?

Every day we, at Debtfree Magazine, speak to people who stopped working along with their Debt Counsellor and ended up dropping out of the program only to find out, months or years later, what a huge mistake they have made. They may have just lost their car or just found out they have judgments against their name or simply that they cannot get more debt from another credit provider to add to their existing mountain of debt.

Debt review was designed to be started and finished. The lawmakers seemingly never imagined that people would treat it like a ‘pay as you go’ mobile phone plan and think that they could get into the process and then just leave before having paid up all their debts.  So far about 600 000 people have proved those lawmakers wrong.

‘There are a variety of things that you can do that will help you increase the chance of making it through and reducing your risk of dropping out’

So, how do you avoid becoming one of this massive crowd of failed debt review drop outs? There are a variety of things that you can do that will help you increase the chance of making it through and reducing your risk of dropping out. This issue we look at a number of ways that you could begin to work against your own Debt Counsellor and be shooting yourself in the foot financially.

We also have news, tips, reviews and updates for you to ensure you stay informed and equipped for success. If you have been hearing about Debicheck but are wondering what it is and if it will impact on your life then be sure to check out our new monthly feature on the topic. This issue we take a moment to discuss some industry developments and even a little controversy. We hope these informative articles help you push through some of the more obvious dangers and help you continue on your rather noble goal of becoming debt free.

This article can be found in the November 2019 issue of Debtfree Magazine.