Summit makes use of a numbers of the following debt relief solutions depending on the specific situation:
A voluntary process initiated by the credit industry to assist over
indebted consumers. The crux of this process is that it is based on a
pre-agreed formula for apportioning the consumer’s monthly cash
shortfall.
A statuary process in accordance with the National Credit Act that
relies on a casual agreement between all credit providers on reduced
installments or merely the magistrate court extending the term to
reduce installments
Consent from credit providers to reduce their installments, interest rates and even take capital haircuts.
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Challenging irregularities:
By enforcing current laws debt balances and installments are often reduced to affordable amounts.
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