Will the bank Repossess my Car?
- Control Debt _The Debt Counsellor
- Jan 24, 2017
- 1 min read
The risk of repossessing is always there if you default on you car installment payments. However when you see trouble coming and can pay your creditors and car installment, debt review should be the route you ought to take to saveguard your car and assets. Debt review is a legal process and all parties involved, the consumer, creditor and debt counsellor come to a agreement of a new payment plan to pay untill the outstanding balance is paid in full. The credit act came into affect in 2005 and protects the consumer from repossess actions if under Debt Review. The debt counsellor will contact your credit providers and bank and negotiate a new payment plan with lower installment and interest rate. Debt Review can help you to keep your car and house and not loose it due to debt.Contact Control Debt who operates a debt counselling business in towns like Mosselbay George and Outdshoorn if you need help and free advice with your debt.
CONTACT: 082 369 2651 or EMAIL: controldebt5@gmail.com
REGISTERED DEBT COUNSELLOR
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