December is a time for celebration, family, and giving. However, if you’re under debt review, it’s also crucial to stay committed to your financial obligations. Missing your debt review payment during this time could have serious consequences.
Why Is It Essential to Stick to Your Debt Review Payments?
When you’re under debt review, your repayment plan is protected by a court order. This legal agreement ensures that your creditors are paid according to an agreed-upon structure, helping you regain financial stability. Missing even one payment could jeopardize this agreement, exposing you to the following risks:
- Legal Consequences: Creditors may terminate the debt review process and resume legal actions, such as repossession or garnishee orders.
How to Stay on Track
- Plan Ahead: Budget for December expenses early and prioritize your debt review payment.
- Avoid Unnecessary Spending: Stay mindful of your financial goals, even during the festive season.
- Contact Your Debt Counsellor: If you foresee any challenges in making your payment, let us know immediately.
At The CS Group, we understand the pressures of the festive season, but your financial recovery is our priority. Keep your December payment on track and continue your journey to financial freedom.