Your debt counsellor should have reduced your interest rates when restructuring your debt repayments. Termination is no longer voluntary as per the changes to the National Credit Act in February 2015. Failure to pay your creditors can result in termination of your debt review which would result in you having to pay the original instalments to your credit providers and possibly the shortfall for the duration you were under debt review.
It would be best to communicate with your debt counsellor before making any decisions.
Not found the answer to your questions? Share your question on our forum.
