The debt review process begins with a financial assessment to determine if you are over-indebted. If confirmed, a debt counsellor will negotiate with your creditors to reduce your monthly instalments and, where possible, lower interest rates to make repayments more affordable. Your debts are then restructured, and a new payment plan is created. This plan is submitted to the court for approval, ensuring legal protection from creditors. Throughout the process, payments are managed through a Payment Distribution Agency (PDA), and your debt counsellor monitors the progress until your debt is fully repaid.
