DisadvantagesWithout doubt the biggest drawback of the debt counselling programme is that it will take you longer to get debt free. Debt counselling works by decreasing your monthly payments and this means it will take you longer to pay off your debt. This means that in the end, your debt will cost you more. A second drawback is that you are unable to get more credit while you are under going debt counselling and cannot make further use of your credit facilities. |
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