INFORMAL RESTRUCTURING OF DEBT

What is Debt Mediation?

Debt Mediation refers to a process in which a consumer and a credit provider negotiate the reduction of the consumer’s monthly repayment commitments as well as the interest being charged.

How does Debt Mediation work? 

EDS will appoint a lawyer that specialises in debt mediating to be your mediator. The lawyer will have you sign an agreement as proof to your credit providers. Your financial situation will be assessed to see if you qualify for debt mediation.