This product could be used to possibly restructure consumers financial situation, who do not qualify for consolidation finance and or further advance bond finance due to reversals listed on bank statements or credit bureau default listings or arrears in excess of two months, to have the opportunity to rectify such listings.
Accord Debt Solutions CC assist over indebted consumers, who do not qualify for total debt consolidation finance, do not want to go under Debt Review and or Administration and do not want to risk having their credit bureau listing affected negatively, to have un-affordable creditors instalments restructured at 40% less than creditors contractual instalments on unsecured debt.
Such consumers will still have the opportunity to apply for future consolidation finance after having had their financial situation re-structured to the extent that they could qualify for consolidation finance of total outstanding debt.
The benefits of the 60% product, to over indebted consumers that can afford at least 60% of their current creditors contractual instalments are:
No calls from creditors collections department, debt collectors or attorneys.
No threats to repo assets.
No summonses, judgments and or "garnishes".
No negative credit bureau listings.
Consumers who are credit worthy, remain credit worthy and could possibly consolidate total debt.
Consumers who are not credit worthy have the opportunity to work towards re- structuring their financial status.
Consumers have the option to pay one reduced instalment to all creditors or one reduced instalment to each creditor.
What makes 60% Debt Mediation product a viable alternative to Debt Review?
We will:
You will: