Debtfree DIGI July 2016
Debtfree Magazine - Free online magazine about SA Debt Counselling and the Debt Review Industry. This issue we look at the recent Debt Review Awards 2016 and news, reviews, free video games and more.
Debtfree Magazine - Free online magazine about SA Debt Counselling and the Debt Review Industry. This issue we look at the recent Debt Review Awards 2016 and news, reviews, free video games and more.
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UNDERSTANDING<br />
INDUSTRY JARGON<br />
CoB<br />
“We need to see what your CoBs say”.<br />
Short for Certificate of Balance.<br />
The Certificate of Balance is how credit providers<br />
like to send info about a consumers account<br />
to a Debt Counsellor. The information shows<br />
the balance of the account and what fees and<br />
services apply. For example, it will show if<br />
there is linked insurance on the account. It will<br />
also show the legal status of the collections<br />
process and should disclose the date of defualt<br />
(when you started to msiss payments). Debt<br />
Counsellors use this information to try make<br />
proposals regarding your debt to the credit<br />
providers and the courts.
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