May 2022 Debtfree DebtBusters Special Edition
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STAY POSITIVE ABOUT DEBT REVIEW<br />
AVOID HAVING<br />
SECOND THOUGHTS<br />
It is not uncommon for people facing big life changes<br />
to have second thoughts e.g. wedding day jitters,<br />
resigning from their job or switching accommodation.<br />
Buyers remorse can also be a reason. The term ‘buyers remorse’<br />
covers when a consumer buys a product, a new phone for example,<br />
and then has a panicky feeling that they may have spent too much<br />
or perhaps got the wrong product. Although this feeling often passes<br />
quickly, it is not uncommon.<br />
When it comes to debt review, many people who start the process<br />
suddenly panic, and think they have over committed to a legal<br />
process that locks them into paying off their debt instead of being able<br />
to try pick and choose what they pay and when they will pay it.<br />
Resulting in as many as 1 in 5 people who start the process never<br />
even making the first payment. This can leave them with a debt<br />
review status on their credit reports, but none of the benefits of a<br />
manageable repayment plan.
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