What are the Implications of Cancelling Debt Review?

Published by The National Debt Review Center on

  1. Cancelling debt review means losing the legal protection against creditors, who may then proceed with legal action for debt recovery.
  2. Exiting debt review before clearing your debts can negatively impact your credit score, making it harder to obtain credit in the future.
  3. Without the structured repayment plan, you may find it challenging to keep up with debt payments, leading to potential financial strain.

Before cancelling, it’s advisable to speak with a debt counselling expert. They can provide clarity on:

  • The legal process of exiting debt review.
  • How cancellation might affect your current financial situation and future creditworthiness.
  • Alternative strategies to manage your debts without exiting the debt review prematurely.

Got More Questions? We have gathered the most frequently asked questions about exiting debt review here.

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The National Debt Review Center

The National Debt Review Center

Welcome to The National Debt Review Center, where financial stability and integrity are our guiding principles. We strive to deliver the utmost best in customer service & act with the highest standards of integrity.We are South Africa's best Debt Counselling & Debt Review Removal Company.NCR Registration Number - NCRDC3106

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