Debtfree Magazine November 2017
The November 2017 Issue of Debtfree Magazine. We discuss working with a PDA and getting ready for December.
The November 2017 Issue of Debtfree Magazine. We discuss working with a PDA and getting ready for December.
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What happens if<br />
consumers under<br />
debt review lose<br />
their jobs and can’t<br />
make their regular<br />
monthly debt review<br />
repayment?<br />
If the consumer has let the credit<br />
provider insurance lapse, then<br />
unfortunately the credit provider will<br />
pursue them and their family in the<br />
normal legal collections process.<br />
However, if the customer has the<br />
Meerkat credit protection plan and<br />
it is a valid retrenchment claim, then<br />
Meerkat will make the debt review<br />
payments for all the obligations that<br />
are covered, for up to 12 months,<br />
and the customer can enjoy peace<br />
of mind, and focus on finding<br />
employment. An important aspect<br />
for the DC, is that we pay the claim<br />
via Hyphen, thereby insuring that the<br />
Aftercare fees are also maintained.<br />
What happens if a<br />
consumer under<br />
debt review gets<br />
injured and cannot<br />
earn income (for<br />
a short or longer<br />
time)?<br />
If the customer is injured and has<br />
a valid temporary disability claim,<br />
then Meerkat will pay their debt<br />
review obligations until they are<br />
able to return to work, or for up to<br />
6 months. If the injury persists and<br />
the customer cannot return to work,<br />
then the disability is considered<br />
permanent, and then Meerkat will<br />
settle the outstanding obligations<br />
at that time. And, again, the DC<br />
continues to receive their Aftercare<br />
fees.
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