We understand that dealing with Debt can be stressful, and encountering a potentially reckless credit agreement can make things even more confusing. At the National Debt Review Center (NDRC), we’re here to help you understand your rights and explore potential solutions.
If a court finds a credit agreement to be reckless, it can mean good news for you, the borrower. Here’s what could happen;
- The court might decide to cancel your obligation to repay all or some of the debt associated with the reckless agreement.
- The court can temporarily halt the agreement, giving you some time to get back on your feet financially.
- The court may order a rearrangement of your debt repayments, making them more manageable for your current situation.
- Engaging in reckless borrowing can have serious consequences, such as accumulating excessive debt, damaging one’s credit score, and facing legal action from the lender.
Learn More about Reckless Lending
At NDRC, we have experienced debt counsellors who can help you understand your rights and explore solutions if you’re facing a potentially reckless credit agreement. We offer free, confidential consultations where you can discuss your situation and explore options like debt review, which can help you manage your overall debt and become debt-free faster.
Book with The National Debt Review Center
If you’re unsure about your credit agreements or suspect recklessness, don’t hesitate to contact NDRC. You can book a free consultation with one of our debt counsellors by clicking the booking button below or calling us at 0410125036
