If you are in debt review and someone calls you to offer you a smaller monthly repayment on your debts by switching to their debt counselling services, ask yourself:
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- If I pay less each month, will I have to pay for longer?
- Why should I switch if my plan is already working?
- If I have a court order, won’t that need to change, with new legal fees?
- If I pay less, won’t that mean the interest portion will be higher, meaning I pay much more over time?
Don’t fall for any such offers. Rather talk to your Debt Counsellor!
