There are two types of DEBT that can be included when you apply for DEBT REVIEW. In terms of DEBT REVIEW, secured debts such as bonds and vehicle finance are given higher priority than unsecured debts.
These are debts you did not need to secure with an asset when you applied for the credit/finance.
Examples of unsecured debts:
E.g.: MasterCard, Visa, America Express etc.
E.g.: Edgars, Foschini, Woolworths etc.
From Banks and other credit institutions, e.g. African Bank, Bayport
E.g: Game Stores, Russels, House and Home etc
Money borrowed from friends and/or family
These are debts that have a security, like your house or vehicle, attached to it which can be repossessed and sold if you are not able to repay the loan.