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What is the difference between debt counselling, a debt review and debt restructuring?

April 26, 2017counselling debt difference restructuring review

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What is the difference between debt counselling, a debt review and debt restructuring?

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It is basically one and the same thing. The debt counselling process is made up out of 3 basic steps: you apply for a debt review, if accepted, your debt gets restructured and then your debt is managed. The end goal is to help you escape the debt spiral and become debt free.