FAQs
Why should I choose services of Debt Loan Management?
Debt Loan Management provides counselling and workshops to keep your financial status on track. We are well accomplished, trustworthy, and not commercially motivated resources for low and no-cost services.
How does debt loan management affect my credit scores?
If you have a debt problem, it is likely that your credit scores aren’t in the best of shape. If you are unable to meet the terms of your credit agreement, your creditors will register that you are in default. Debt management will help you avoid that label on your credit report, and if you already have a default, we will teach you how to manage it
How much will my lenders get each month?
The amount will depend on how much disposable income you have, i.e., the money available after paying all your living expenses, and how much is due to each lender.
My reduced monthly payments are less than my interest charges; does this mean I will be paying ceaselessly?
Several lenders will freeze interest charges when dealing with debt management. There are two reasons why they do it:
- They can see that you are making a genuine effort to repay your debts and are doing so with the assistance of a professional organization
- They know they remain risk-free if there is foolproof planning
How do I know I will be able to uphold the reduced monthly payments?
In a repayment proposal, the monthly instalment is agreed upon by you and your debt manager. The amount is determined on the basis of the information you have supplied us with, and takes into account your current financial circumstances |
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