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When a creditor send a consumer a 86(10) letter saying they want to terminate their debt review what does it really mean?

Let’s ignore the various issues going on right now like Creditors not capturing court orders and computers auto producing these letters each month for the same consumers over and over.

That aside, what a creditor is telling a consumer when they send them this letter is:

We do not want you to pay us money through debt review. (we don’t want to help you or take your money)

We want to take legal action against you (we want to make your life harder and cost you more money)

 

Truly creditors should be ashamed to send out these 86(10) letters.

 

If consumers don’t pay their debt review amounts their Debt Counsellors will remove them from the process so creditors should never need to do this unless they are being greedy and are trying to go after a consumers assets and hoping they won’t fight back at court (and get a 86(11) and have the account put back into debt review).