Yes, it is possible to cancel debt review. However, it is important to note that debt review is a legal process that provides debt relief to consumers who are over-indebted. Got More Questions? We have gathered the most frequently asked Read more…
The ability to apply for a home loan when your spouse is under debt review depends on the type of marital contract you have. Got More Questions? We have gathered the most frequently asked questions about exiting debt review here. Read more…
Yes, you can still rent a property while under debt review. Here’s why: To increase your chances of securing a lease agreement while you are under debt review, you can consider the following: Got More Questions? We have gathered the Read more…
While you are under debt review, you are generally not allowed to incur any additional debt, which includes applying for a home loan. The primary focus during debt review is to settle your existing debts as per the restructured plan. This process Read more…
Removing yourself from Debt Review requires a clear plan and the commitment to handle your finances responsibly. You become solely responsible for managing your remaining debt. Sticking to a strict repayment plan is crucial to avoid falling behind again. Exiting Debt Review removes the Read more…
The process of buying a house after debt review can be initiated through two main routes: completion of the debt review process and receiving a clearance certificate, or removal of the debt review through the courts. In both cases, it’s important to work on rebuilding Read more…
The duration of the debt review flag on your name is contingent on a few factors. The debt review flag remains on your credit profile until you have completed the debt review process or have obtained an order declaring you no longer overindebted. Once a Read more…
Most major banks in South Africa are equipped to work with the debt review process and can assist with debt review removal. This includes but is not limited to: It’s important to note that these banks work with all registered Read more…
Once you have successfully completed the debt review process, you regain the ability to apply for credit, which includes car finance. However, the ability to buy a car immediately after exiting debt review is not guaranteed and largely depends on Read more…
Yes, once you have successfully been removed from debt review, you regain the ability to apply for credit, including loans. However, it’s important to note that the approval of your loan application is not guaranteed just because you have completed Read more…