WHAT ARE THE BENEFITS OF DEBT MEDIATION?
Can i do debt mediation on my own?
No, it is not advisable. The model used to prepare a repayment plan, is based on a set of pre-agreed “rules”. The application of the rules is complex and a computer program would be required to prepare and table such proposals. If an unaccredited system is used, credit providers may question the proposal / plan and possibly reject it.
If you have stacks of unpaid debts that you keep promising yourself you’ll pay, but never seem to be able to afford to do so, you may need debt mediation – especially, if you have skipped payments.