The New Debt Plan - Debt Relief Services Statements
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Pay them as far as you can. If excessive time passes and you still are not able to make payments to your financial institutions they will more than likely Summons you. You will then have the ability to discuss to the court why you are not able to pay and ask the court to offer you 3-6 months to find a job or a type of earnings.
Show up at the court and state your case. You can also call the Credit Ombud or National Credit Regulator to see if they have options readily available to assist with your existing situation. Hope this information assists. Before considering our program we would encourage that you attempt to work out with your creditors initially.
Here is what you need to negotiate with each lender: A composed motivation discussing your monetary circumstance and why you require a leniency period. Look At This Piece spending plan that shows your cash circulation. A timeline on how long you will need a leniency duration on your payments. Computation on how much you can pay the lender during the leniency period and how you prepare to overtake your payments after the leniency duration is done.
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