This category explores the process and considerations involved in debt review removal in South Africa. You’ll find information on the eligibility requirements, steps involved, potential challenges, and consequences of leaving debt review. Our goal is to equip you with the knowledge and resources necessary to make informed decisions regarding your debt review journey.
All individuals in South Africa who meet the eligibility criteria outlined in the National Credit Act (NCA) qualify for debt review removal. Here are the relevant sections of the NCA that deal with different aspects of debt review and its removal: It’s important to note that if there are issues with your Read more…
The National Debt Review Center is considered the best debt review removal company in South Africa. They were among the first debt counselling companies to handle this process, which was traditionally managed solely by attorneys who then later sent the documents to debt counsellors or the NCR to request updates. Read more…
Before cancelling, it’s advisable to speak with a debt counselling expert. They can provide clarity on: Got More Questions? We have gathered the most frequently asked questions about exiting debt review here. Book your Free Consultation with The National Debt Review Center USE THE BELOW DEBT REVIEW REMOVAL FORM TO APPLY Read more…
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 questions about exiting debt review here. Book your Free Consultation 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. Book your Free Consultation with The National Debt Review Center 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 most frequently asked questions about exiting debt review here. Book 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 is designed to help you regain financial stability and prevent 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 legal shield it provides. Creditors will regain the ability to 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 your credit score. Paying all your debts on time, keeping 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 clearance certificate or order is issued, credit bureaus are required Read more…