Debt Review Removal in the Western Cape

Seeking to remove debt review from your credit profile? In need of a skilled and credible professional for debt review removal in the Western Cape? Your search ends with The National Debt Review Center! Discover why they are the leading experts in debt review removal in the Western Cape, and learn about the exceptional services they offer.
By The National Debt Review Center providing Debt Review Removal in the Western Cape

Book an Appointment with our Debt Review Removal Specialist in the Western Cape

What is Debt Review Removal?

Debt review removal refers to the process of officially clearing your credit record of the debt review status. When someone is under debt review, it means they have sought assistance from a debt counsellor to restructure their debts because they were unable to meet their financial obligations. This status is noted on their credit profile.

However, once a person has successfully paid off their restructured debts or their financial situation has improved to the extent that they can handle their debts without the aid of debt review, they may wish to have the debt review listing removed from their credit record. This process is known as debt review removal.

Debt review removal is important because having a debt review status on your credit profile can impact your ability to access new credit. Lenders are not allowed to grant credit to a consumer listed under debt review in terms of The National Credit Act.

By removing the debt review status, an individual can restore their creditworthiness in the eyes of potential lenders and regain access to the credit market.

How do you Apply for Debt Review Removal in the Western Cape?

To apply for debt review removal in the Western Cape, complete the free online application for assessment form below. This application for debt review removal form will help us assess your financial situation and eligibility for debt review removal.

Debt Review Removal Application Form

How much does it cost to be removed from Debt Review?

The cost of debt review removal through The National Debt Review Center is set at R8550.00 vat exclusive, with an option to pay this amount over 2 or 3 months. It’s important to note that debt review removal fees can vary, as they are not regulated in the same way as the debt review fee structure. Some law firms and debt counsellors may charge fees ranging from R4000.00 to R12,000.00 for this service.

How long does it take to be Removed from Debt Review?

The process of being removed from debt review typically takes between 3 to 6 months, although this duration can extend if there are complications and delays. The process includes preparing and submitting a court application, which cannot realistically be completed in less than 1-2 months. After the court order is obtained, the NCR will require to verify the court documents which usually take 7-14 days and the credit bureaus will need a minimum of 21 business days to update the consumer’s credit report to reflect that they are no longer under debt review, as per the National Credit Act 34 of 2005.

The Debt Review Removal Process

Completing the Online Application Form: The client initiates the process by either booking an appointment or completing an online application form. The application form can either be filled out online or downloaded and submitted after completion.
Assessment of the Application: After receiving the application, it is thoroughly assessed to determine the likelihood of a successful debt review removal. This involves reviewing the client’s current financial status, debt review history and other contributing factors.
Preparation of Legal Pack and Documentation Gathering: Once the application is deemed potentially successful, a legal pack is prepared. This involves gathering all necessary documentation from relevant stakeholders, which may include previous debt counsellors, credit providers, client and other legal entities.
Submission to Court: The complete application/legal pack, is then submitted to a court. The purpose is to obtain a court order declaring that the client is no longer over-indebted.
Court Order Granting: If the court finds the application valid and the client meets all criteria, it grants an order stating the client is no longer over-indebted or rejection thereof of the previous application.
Submission to the National Credit Regulator (NCR): Once the court order is granted, the documentation is submitted to the NCR for updates and verification.
Update by NCR and Notification to Credit Bureaus: After the NCR updates their records to reflect the client’s new status, we notify all credit bureaus of the change.
Confirmation of Credit Record Update: The client’s credit record is updated by the credit bureaus to remove the debt review status, thus restoring their creditworthiness.
Final Step – Regaining Creditworthiness: With the removal of the debt review status from their credit report, the client is able to regain creditworthiness, facilitating access to credit and financial services without the constraints of the debt review status.

Debt Review Removal Application Form

Debt Review Removal Application Form – I want to Exit Debt Review

To terminate the debt review process and to have the debt review notice removed from your credit reports requires that a court application be made for the court to find that you are not over-indebted, even if there is no court order in place for your debt review. Should you wish to terminate the debt review process, please complete the form below and attach all required documents, to allow us to do an assessment of your probable case. We shall then advise further.

Step 1 of 4

Applicant details: If you are married in community of property, both spouses must apply jointly.
Main (1st) Applicant
Title*
Initials*
Identity Number*
Full Names & Surname*
Gender*
Ethnic Group*
Marital Status*
Mobile Number*
Email Address*
Address*
Province*
Postal Code*
Owner/Tenant:*
Period at Address:*
Number of dependents
Age of dependants
Separate by commas
Next of kin full name*
Next of kin email address*
Next of kin contact number*
2nd Applicant (SPOUSE)
Title*
Initials*
Identity Number*
Full Names & Surname*
Gender*
Ethnic Group*
Marital Status*
Mobile Number*
Email Address*
Address*
Province*
Postal Code*

DEBT OBLIGATIONS
Creditors Name
Creditors Name
Who is/was your debt counsellor?*
If you were married at the time you went under debt review and the debt review application was a combined application in the name of both parties (husband and wife) made?**
Why do you want your name to be removed from Debt Review.*
Kindly Provide a Detailed Motivation for the Magistrate on why should your name be Removed from Debt Review.
The approximate date you were placed under debt review*
MM slash DD slash YYYY
Is your debt review subject to a court order?*
Approximately when last did you make payments to the Payment Distribution Agency/Debt Counselor?*
MM slash DD slash YYYY
Have you received any cancellation documentation from your debt counselor?*
Your income at the time you were placed under debt review was approximately?*
Have you settled any accounts that were placed under debt review?*
If Yes. Please remember to upload paid-up letters.
For your outstanding accounts, can you afford the original installments that were due to each account before you went under debt review?*
Are you already making payments directly to your creditors?*
Are you aware of the fact that you will no longer have protection in terms of the National Credit Act and that the creditors may proceed to enforce a credit agreement if you do not have payment arrangements with regards to any outstanding amounts?*
Upload ID Copy*
Drop files here or

Max. file size: 3 GB.
Upload Recent Payslip*
Drop files here or

Max. file size: 3 GB.
Upload Proof of Address*
Drop files here or

Max. file size: 3 GB.
Not older than 3 months. Utility bill, e.g. municipal water and lights account or property managing agent statement, Medical aid statement or policy document, etc
Upload Court Order from Previous Debt Counsellor
Drop files here or

Max. file size: 3 GB.
Upload Paid up Letters
Drop files here or

Max. file size: 3 GB.
Upload Marriage Certificate
Drop files here or

Max. file size: 3 GB.
Declaration
I agree to the following terms and conditions.
I confirm that the information contained in this document is to the best of my knowledge true and correct and further I undertake to comply with all requests from The National Debt Review Center to assist him/her to evaluate my state of indebtedness and to investigate the prospects for responsible debt restructuring. I consent to The National Debt Review Center to obtain my credit record from any/all registered credit bureaus and any other registers which may contain any of my credit information.

I/We the Consumer(s) authorise The National Debt Review Center and it’s staff and/or agents to
process, store and keep my/our personal information that has bearing to my/our debt review removal application and whilst I/we do explicitly give my/our consent to do so, I/we understand and accept that The National Debt Review Center is obliged to act within the parameters
of the Protection of Personal information Act (“POPI”).
Email
This field is for validation purposes and should be left unchanged.

Book an Appointment with The National Debt Review Center

Debt Review Removal in the Western Cape

Book an Appointment with our Debt Review Removal Specialist in the Western Cape

What is Debt Review Removal?

How do you Apply for Debt Review Removal in the Western Cape?

How much does it cost to be removed from Debt Review?

How long does it take to be Removed from Debt Review?

The Debt Review Removal Process

Debt Review Removal Application Form

Debt Review Removal Application Form – I want to Exit Debt Review

Step 1 of 4

Applicant details: If you are married in community of property, both spouses must apply jointly.

Main (1st) Applicant

2nd Applicant (SPOUSE)

EMPLOYMENT DETAILS

Main (1st) Applicant

2nd Applicant (SPOUSE)

HOUSEHOLD LIVING EXPENSES

DEBT OBLIGATIONS