So how exactly does a customer proposition combine my debt?
A customer proposition is just a legitimately binding contract between both you and your unsecured creditors to settle a particular portion of the debts via a payment plan. The repayment plan will last for no more than five years. When that is over, you’ve got finished the proposition, and you are clearly formally released from those debts to your creditors that are unsecured.
Whenever proposition formally starts, your unsecured creditors must stop collection phone telephone calls and prevent using any appropriate action against you. Continue reading “Payday Advances & Customer Proposal Debt Consolidation Reduction”