Debt review removal

How debt review removal process 

 

Removal from debt review could be complicated and require you to adhere to strict guidelines.You can exit debt review by contacting us. You will then need to have your debt review/over-indebted status rescinded by a court of law. We’ve simplified the process to help you to exit successfully.If you find yourself under debt review, but you’ve had a change of heart or your financial circumstances have changed, you may be considering withdrawing. It’s entirely possible to withdraw from debt review, but you should note that the process isn’t a simple one.Once a court has confirmed that you are over-indebted and qualify for debt review, only a judge can reverse that decision. Once you have been cleared from debt review you will nolonger be protected, creditors can choose to take legal action and claim all you owe them.

 

 

Before the debt review removal process

Before you start the debt review exit process, here are a few pointers to keep in mind. Take these points to heart and ensure that you are 100% prepared and able to leave debt counselling.

Once you leave debt counselling behind, the agreements negotiated by your NCR-registered debt counsellor are null and void. You will have to return to making full payments to your creditors.

 

Waivered fees will return: A debt counselor will negotiate with companies to waive certain fees and penalties. When you exit debt review, this ends, and all fees will apply along with your monthly instalments.

 

Creditors can take legal action: As you are no longer under the protection of debt review, creditors can choose to take legal action.If you are ready to tackle all these consequences, you can start the exit process by completing a form below.

 

 

The Process

Application

Complete our contact form below with all your details for our debt review removal agents to call you

Send us your signed application and required documents to get the ball rolling

Consultation/Assessment

Our agents will evaluate your financial situation. This includes assessing your credit profile.Consult with us, to see if you qualify to exit Debt Review. You must currently be under Debt Review and earn more than you spend.

debt review clearance certificate

Once you’ve repaid your debt or you are nolonger over indebted, we can request a clearance certificate from your debt counsellor and update your credit profile to reflect that you have been removed from debt review. Even though this allows you to apply for credit again, think twice and remember the circumstances that landed you in hot water in the first place.A debt review clearance certificate is also known as a Form 19. This certificate is evidence that you are debt-free and you have completed the debt review process. 

Congratulations! You are no longer flagged as over-indebted. Your financial future just got a major upgrade.

How To Remove Debt Review

Debt review removal is the key to regaining control of your finances. By freeing yourself from the restrictions caused by debt review, you open doors to new opportunities for financial growth.Debt review removal is possible via two main stages: before the court order and after the court order. 

 

Debt Review Removal Before The Court Order Stage: If your financial situation gets better, you can show new evidence to the court. This might help you finish the debt review process earlier.

 

Debt Review Removal After the Court Order Stage: pay off your debts as agreed in section 71, and then you’ll get an NCR clearance certificate. This is your ticket get out of debt review, officially.

In both cases, the key is to stay informed and work closely with your debt counsellor to navigate the debt review removal process smoothly.

Debt review and Judgement Removal

We can assist with the removing of your debt review flag status from the credit bureau.

 

Are you currently under debt review? Are you looking to have your debt review status removed from the credit bureaus because it is preventing you from obtaining credit? We can assist you with this process. Our experienced attorneys have the knowledge and expertise to provide you with the right solution for your unique situation.

 

The process of cancelling debt review from the credit bureaus involves bringing an application in your local court and obtaining a Court Order issued by the Magistrate. This Court Order is then used to remove your status from the credit bureaus.

 

We understand that the process of removing your status from the credit bureaus can be daunting and complicated, which is why we are here to assist you every step of the way. We will ensure that the application process is handled professionally and efficiently, providing you with the best possible outcome.

 

Debt Review Removal allows consumers to remove the Debt Review flag from their credit profile. This process, facilitated through the courts and supported by our dedicated legal team, is designed to alleviate the frustrations of those seeking to regain financial independence. It’s not an extension of Debt Review but a vital step in helping consumers move past it, enabling them to fully regain control over their financial future

Contacts

087 808 9808

112 main road

Johannesburg

Johannesburg

Central

2000