During debt review, your credit record is affected in specific ways:
• A 'debt review' flag is placed on your credit profile at all bureaus
• Individual accounts show as 'under debt review' rather than 'in arrears'
• New adverse listings from participating creditors should stop
• Your credit score will be impacted during the process
After receiving your Clearance Certificate:
• The debt review flag is removed within 7 days
• Your paid accounts reflect as settled
• You can begin rebuilding your credit immediately
Many consumers achieve a 'clean slate' within 3-5 years from starting debt counselling.