Is debt review better than a consolidation loan?

You will not qualify for a consolidation loan if you are over-indebted. Not with us and not with anyone. If your current debt status is that you are over-indebted, you do not have the option of a consolidation loan. The only realistic & affordable way to prevent you from losing your assets is to go under debt review. Our debt review process can offer you immediate asset protection as per the National Credit Act and set you on a course of recovery from debt problems by consolidating your debt into one affordable monthly repayment, reducing your monthly debt repayments & interest and clearing your credit record after you have fulfilled your restructured debt obligations.

If you’re struggling with overwhelming debt and are unsure whether debt review or a consolidation loan is the right choice, we are here to help. At Zero Debt, we understand that being over-indebted can feel overwhelming and stressful. Our professional debt review process is designed to offer you immediate protection of your assets under the National Credit Act, consolidating your debt into one manageable monthly repayment. This approach not only reduces your monthly debt repayments and interest but also helps in clearing your credit record once you’ve fulfilled your restructured debt obligations. Don’t risk losing your assets or facing legal action due to unpaid debts. Reach out to us today to take the first step towards financial freedom. Our experienced consultants are ready to provide you with a free, no-obligation debt assessment and guide you through every step of the debt review process. Contact Zero Debt now and let us help you regain control of your financial future. Visit our Contact Us page to get started.

FAQs and Answers

1. What is the difference between debt review and a consolidation loan?
   Debt review is for over-indebted individuals and consolidates debt into one affordable payment while providing legal protection. A consolidation loan requires good credit and combines debts into a new loan, which is not an option if you are over-indebted.

2. Can I apply for a consolidation loan if I am over-indebted?
   No, over-indebted individuals do not qualify for consolidation loans. Debt review is the recommended solution, as it provides asset protection and restructures your repayments.

3. How does debt review protect my assets?
   Debt review prevents credit providers from taking legal action against you. Your assets, such as your home and car, are protected while you make structured repayments.

4. Does debt review reduce my interest rates?
   Yes, debt review helps reduce interest rates by negotiating with credit providers. This ensures your debt becomes more manageable and affordable in the long term.

5. Will debt review clear my credit record?
   Yes, once you have successfully completed the debt review process and settled your restructured debt obligations, your credit record will be cleared.

6. What are the benefits of debt review over a consolidation loan?
   Debt review provides legal protection, reduces interest rates, consolidates payments without a new loan, and ensures your credit record is restored after completion.

7. How do I start the debt review process?
   You can begin by contacting Zero Debt for a free, no-obligation debt assessment. Our consultants will guide you through every step of the process.

8. Is there any risk in choosing debt review over a consolidation loan?
   Debt review is designed for over-indebted individuals and is a structured, legally recognised process under the National Credit Act. Unlike loans, it does not add more debt but helps you manage existing debt effectively.