Application to Remove Debt Review Flag on Credit Record

Debt Review Upliftment

Debt review removal has become somewhat of a difficult challenge lately. to complete your debt review process or to cancel it early, a long and lengthy process has been added, and unfortunately it is not a step you can take alone.. you will need the help of a lawyer or credit repair professional. we can help you,

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.

If your financial circumstances have improved overtime to the point that you are now able to meet the repayments due to all your creditors, then the debt review process can be terminated much earlier. To have you listed as being under debt review or over-indebted would be unfair, since you are not over-indebted anymore you can pay your creditors directly and don’t need the help from a debt counsellor anymore. To complete the removal you will obtained a court order to rescind the debt review order. Credit bureaus will be updated via the NCR Debt Help System about the changes in your situation and you  will obtain a court order declaring that you are no longer over-indebted...

What is the procedure for removing debt review or ending debt counselling?

The Debt Review Removal process is a legal process that is regulated by Section 87(1)(a) of the National Credit Act 34 of 2005.

This procedure is designed to help individuals who were previously registered as debt review clients but are no longer over-indebted...

Debt Review Clearance Certificate

A debt review clearance certificate is also known as a Form 19. This certificate is evidence that you paid off all your creditors, you are now debt-free and you have completed the debt review process...

How do I Qualify for Debt Counselling or Debt Review?

The process begins with a signed letter to consent the removal of the debt review flag. An assessment will be conducted to conclude if you are in a stable financial situation and can afford to pay the creditors the original debt installments, since your protection from creditors will be implicated...

How Debt Review Removal Can Restore your credit profile

Debt review removal is the key to regaining control of your financial future. By freeing yourself from the restrictions of debt review, you open doors to new opportunities for credit and financial growth.We understand the complexities of debt review removal and have successfully helped numerous clients break free from its grip. Our tailored strategies and legal expertise ensure that the process is handled effectively and efficiently, allowing you to rebuild your creditworthiness and pursue your financial goals...

 

 

Our debt review removal process is designed to be efficient and effective, tailored to your unique circumstances, here’s what you can expect:

Consultation: We begin with a consultation to understand your financial situation, debt review history, and what you want to see going forward.

Assessment : Our experienced agents will conduct a thorough assessment of your case, reviewing relevant documentation and identifying legal strategies for debt review removal.

Debt Review Removal : Based on the evaluation outcome, we will develop a personalized debt review removal strategy that aligns with your specific needs and goals. We will explain the strategy to you in detail and address any questions or concerns you may have.

Update and Resolution: We will closely monitor the progress of your case and keep you informed every step of the way. Our dedicated team will work diligently to ensure the successful removal of your debt review and provide you with the freedom you deserve.

The Benefits of Debt Review Removal

  1. Improved Financial Profile Being placed under debt review/debt counselling imposes restrictions on anyone's ability to access credit. Once removed, you will be able to apply for loans, credit cards, or other financial products.

  2. Getting back in to the Credit Market With the debt review flag lifted, you can rebuild a positive credit history.

  3. Reduced Financial Stigma For many, being under debt review carries a social and personal stigma. Exiting debt review can provide a sense of accomplishment and renewed confidence in financial matters.
  4. Enhanced Opportunities Whether it’s purchasing a home, starting a business, or funding your child’s education, debt review removal opens doors to opportunities that may have been inaccessible during the process..

Contacts

087 808 9808

112 main road

Johannesburg

Johannesburg

Central

2000