Debt Review Removals
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.
Take Control:
Clear your Debt Review Flag Now
Struggling to access new credit or loans?
Missing out on opportunities due to debt review restrictions?
Feeling stuck with a lingering financial label?
Our Debt Review Removal
Process:
Assessment
Application
Payment
Compilation
Court Order
Status Updated
Frequently Asked Questions
How does this Debt Review Removal work?
Thereafter, we give instruction to our attorneys to proceed with a No-Longer Over-Indebted Court Application. This Court application is to prove that your financial situation has changed since you originally registered for debt review in the past.
The attorneys obtain any required documents from you as the consumer and issue the court application to obtain a court date for your court matter. On the court date, the magistrate should grant your court order. This court order then declares that you do still have credit in your name, but that you do not require debt review to pay the accounts anymore, because you are able to pay the normal larger installments yourself. Once the Magistrate grants a court order declaring that you are no longer over indebted, our office will then send the court order to the National Credit Regulator to update your status. The debt review notice is then removed from your credit profile by the credit bureaus. Thereafter, you solely remain responsible for paying your creditors.
Q: How long will it take to clear my name?
Will I be able to obtain new debt or credit accounts once my name is cleared?
The debt review status on your credit profile is only one factor considered by credit providers when assessing your eligibility for new credit agreements. The granting of credit by a credit provider is based on various other criteria, including your payment history, amount of credit accounts, etc.
Can anyone under debt review apply for this process?
How do I know you are not a fraudulent company trying to scam me?
CreditSmart is also a Debt Counselling company registered with the National Credit Regulator with registration number NCRDC3143, operating under Jakobus Lodewikus Olivier. This is visible on the National Credit Regulator’s website under the Register of Registrants page.
We have various registered debt counsellors working here at CreditSmart, and all employees have much experience with debt review, debt counselling, and other debt related matters.
We were voted one of the Top 5 Small Debt Counselling companies last year 2023, as announced in the Annual Debt Review Awards.