September 2020 IDM Special Edition
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TALK TO YOUR<br />
DEBT COUNSELLOR<br />
SOONER, NOT LATER<br />
Whether you are in debt review or not, life can be tricky<br />
and challenges will come your way.<br />
Unforeseen economic challenges, like those brought about by Covid-19,<br />
can cause you to worry about being able to make your court ordered<br />
debt review repayment. Your landlord may decide it is time to sell the<br />
place you are renting, or your mobile phone may be stolen. All these<br />
things will impact on your day to day life and could hinder your ability to<br />
communicate with your Debt Counsellor, PDA or credit providers. They<br />
may also force you to make changes that will impact your debt review.<br />
Many people in debt review will just go ahead and make some changes,<br />
and then only months later, speak to their Debt Counsellor about<br />
it. By this time, all the progress that has been made with their debt<br />
review could be threatened. It could end the entire debt review if left<br />
unchecked, it may in fact, already be too late.<br />
A large number of issues in debt review can be mitigated by speaking to<br />
your Debt Counsellor sooner rather than later.<br />
Let’s look at a few of these issues and consider how speaking to your<br />
Debt Counsellor as soon as the situation comes up, the most beneficial<br />
course of action.