TYPES OF DEBT

There are two types of debt that we deal with, listed below. In terms of Debt Review, secured debts such as bonds and car loans are given higher priority than unsecured debts (credit card debt for example).

UNSECURED DEBTS

These are debts you did not need to secure with an asset when you applied for the credit.

Examples of unsecured debts:

• Credit cards
  - Visa, Mastercard, American Express etc.

• Store cards
  - Edgars, Stuttafords, Woolworths etc.

• Bank overdrafts

• Personal loans from banks and other credit institutions.

• Hire purchase

• Money borrowed from family and friends.

SECURED DEBTS

These are debts that have a security, like your house, attached to it.

• Bond

• Car purchase

 

Act now by submitting your application for an initial review of your situation - Click here to submit your details.

 

Company Registration No.2005/001817/07.

COPYRIGHT © 2009. ALL RIGHTS RESERVED.
Powered by Just Web Templates