If you have been paying for around two years and you are seeing that the debt is taking a long time to reduce, you may begin to feel your Debt Counsellor is not doing their job. You begin to lose trust in them.
Before you decide to do anything drastic, go have a look at the official court order for debt restructuring (ask for it, if you don’t have a copy). The court order shows you how many months each debt will take to be paid off at the new arrangements. Often these plans are set out over 60 months (or 5 years).
Debt review is often designed so that all your credit providers get paid a fair amount each month. This can mean that even accounts with small balances take a long time to get paid because they only receive small monthly payments. If you are able to, then you can help speed things up and begin to settle your debts sooner.
How?
If you are able to pay off a small debt, then funds that were being allocated to that account can now be shifted to another small debt.
This can settle that debt faster too. And so, more funds can be allocated to another account, this snowball effect can make a big difference.
