A Debt Counsellor, also known as a credit counsellor, is a professional who plays a crucial role in assisting individuals in managing their debts and improving their financial situation. They provide a range of services that are designed to help Read more…
Does it affect their credit report? When a debt review is removed, the implications for an individual who co-signed on a debt, such as a spouse or family member, can vary depending on the specifics of the debt agreement. If Read more…
If an individual is seeking to exit a debt review program but doesn’t meet the full criteria for debt review removal, there are alternative solutions available. However, these alternatives come with their own set of challenges and consequences, so it’s Read more…
After the removal of a debt review and with consistent responsible financial management, the time it takes to see a significant improvement in one’s credit score can vary. This is due to several factors that influence the improvement of a Read more…
A history of debt review or the removal process should not directly restrict your ability to travel internationally. Debt review is a legal process aimed at helping individuals manage their debts more effectively. It does affect your credit record and your Read more…
When an individual is undergoing the process of debt review removal, a common question that arises is whether creditors can take legal action to recover outstanding debts. The answer to this is not straightforward and depends on several factors. Creditors Read more…
When an individual under debt review passes away, the process of debt review removal is handled with utmost care and precision. The first step involves the debt counsellor receiving all necessary documents related to the deceased individual’s financial situation. Once these documents Read more…
Q: Can I renegotiate the terms of remaining debt (e.g., interest rates) with creditors after exiting debt review? Negotiating terms with creditors after exiting debt review By The National Debt Review Center Can I renegotiate the terms of remaining debt Read more…
Q: Does debt review removal have any tax implications? A: No, debt review removal itself typically doesn’t have any direct tax implications in South Africa. By The National Debt Review Center Does debt review removal have any tax implications? No, Read more…
Q. Does debt review removal impact future business loans? A. Debt review removal itself should not directly hinder your eligibility for future business loans in South Africa. Here’s why: By The National Debt Review Center However, there are some indirect Read more…
