If you find yourself unable to meet the payments under the restructured plan of your debt review, it’s important to understand the potential consequences. The debt review process is designed to help individuals manage their debts more effectively by restructuring Read more…
No, being under debt review is not a criminal record. It’s important to understand that debt review is a legal process designed to assist individuals who are struggling with significant debt. Its primary aim is to help individuals manage their Read more…
A credit provider has the right to terminate the debt review process under certain circumstances. One of the primary reasons for termination is if you, as the consumer, fail to meet the agreed-upon terms of the debt review. This could Read more…
Section 88 (3) of the National Credit Act (NCA), provides that a creditor may not take legal action to enforce a credit agreement if the consumer has already applied for debt review and the application has been accepted and the Read more…
Can I cancel my Debt Review and continue to pay directly the reduced installment to my creditors? The National Debt Review Center FAQ’s The application to terminate a debt review depends on the consumer’s ability to show he or she Read more…
Do I need to be present in court for my debt review removal application? The National Debt Review Center FAQ’s Whether or not you need to be present in court for your debt review removal application largely depends on who Read more…
How can I get a Clearance Certificate if I cannot locate my debt counsellor, or the debt counsellor got deregistered? The National Debt Review Center FAQ’s The first step is to check the registration status of the debt counsellor HERE or contact Read more…
Can I apply for debt review removal if my debt review order was a consent order that was confirmed by the National Consumer Tribunal? The National Debt Review Center FAQ’s Yes – The Tribunal order is similar to the Magistrates Read more…
Yes, it is possible to remove yourself from debt review, but it involves a complex process that requires a good understanding of the legal procedures involved. Removing debt review typically requires professional assistance, especially if it involves legal proceedings or Read more…
Even after I have cleared all my debts under debt review, my credit report still shows that I am under debt review. How can I get the debt review status removed from my credit report? NDRC FAQ’s If you have Read more…