Debt review
removal services
Remove Debt Review
Dealing with debt review removal can be overwhelming. If you’re under debt review, it might feel never-ending. But don’t worry—our debt review removal service is here to help you remove debt review, gain financial freedom and guide you through the entire debt review removal process.
Understanding Debt Review
To terminate the debt review process and remove the notice from your credit reports, start by assessing whether your financial situation has improved enough to handle creditor repayments on your own, indicating you are no longer over-indebted. Next, obtain a court order to legally declare your improved financial status, even if there wasn’t a previous court order for your debt review. Finally, update the credit bureaus through the NCR Debt Help System to ensure your records are accurate and the debt review notice is removed. This allows you to pay creditors directly, complying with the National Credit Act, and enhances your financial independence and creditworthiness.
Who Can Benefit from Our Debt Review Removal Service?
Wrongly placed under debt review
You’ve been incorrectly placed under debt review and need help rectifying the situation
Paid up all accounts
If you’ve paid up all accounts previously under debt review but are still facing financial restrictions.
No longer over-indebted
If you’re no longer over-indebted and are capable of meeting your monthly debt repayments at standard rates;
How We Help
Proven Debt Review Removal Process
Breaking free from debt review is a structured and supportive process.
1
Court Proceedings
Start by filling out our online form and giving us consent to conduct a free assessment of your case. This allows us to understand your financial situation and tailor our services to your needs.
2
After Declared Insolvent
Set aside just 10 minutes for a call with our specialist consultant. During this call, we’ll discuss your individual circumstances and outline a plan to remove you from debt review.
3
Discuss Costs and Timeframe
Get a clear understanding of the costs involved and the timeframe for your debt removal. We’ll finalise a plan that suits your financial capacity and goals, ensuring transparency every step of the way.
The Sequestration Process
Process To Your Financial Freedom
1
Assessing Your Financial Situation
Completing out an application form will give our insolvency practitioner the relevant information to declare if you are truly insolvent. We will work together to find the best plan suited for our clients offering the best way forward and investigated under the national credit act. This step is the most important as this determines if you can sequestrate.
2
After Declared Insolvent
Continuing with your application for sequestration after declared insolvent becomes our duty in ensuring no creditor hassles. This step ensures every client of ours fall under the Insolvency Act 24 of 1936 while we carry out all legal proceedings.We will draft a statement with your list of creditors and benefit to creditors ensuring that all debt is settled.
3
Court Proceedings
Passing on to us the struggle of this financial restrain in exchange for your financial freedom is of precedence. We handle all legal proceedings and court documentation on your behalf ensuring your case gets approved. This being a benefit to our client, we do all representation of your case to the court on your behalf.
4
Granted Application
All communications will be done through us between your court appointed curator for the settlement of your debt over a period of 18-24 months or an auctioneer if needed to manage the insolvent estate recovering money from your assets Once your benefit to creditors are settled in this sequestration process, we help you through the process of rehabilitation giving you the full benefit of sequestration, and that is being debt free12
Unique Value Propositions You Can Trust
Expert Guidance
Our experienced team provides dedicated support to navigate the complexities of debt review removal effectively.
Proven Results
With a track record of success, we empower clients to achieve credit clearance and financial independence.
Customised Solutions
We understand that every financial situation is unique, which is why we offer tailored solutions that meet your specific needs.
Frequently Asked Questions
Find answers to commonly asked questions about debt review removal.
The debt review removal process begins once your debts have been fully settled or if the court has declared that you’re no longer over-indebted. You will need to obtain a clearance certificate from your debt counsellor, which confirms that all accounts included in the debt review are settled, and all credit agreements (except a home loan) are up to date. Once this certificate is submitted to the credit bureaus, your debt review status will be removed.
No, you cannot remove yourself from debt review. Only a debt counsellor or a court can formally remove the debt review status. You need to either complete the debt review process by paying off your debts or apply to a court for removal if you can prove that you’re no longer over-indebted.
The cost to remove a debt review typically depends on whether you are applying for the clearance certificate after paying off your debts or seeking court intervention. The fees for court applications may vary, but legal costs can range between R3,000 and R30,000. Contact your debt counsellor for the clearance certificate, which is usually part of their services, though some may charge a small administrative fee.
Once all your debts are settled and the clearance certificate is issued, it usually takes around 21 to 30 business days for credit bureaus to update your status and remove the debt review flag from your credit profile.
No, being under debt review is not a criminal record. Debt review is a legal process designed to help you manage and repay your debts. It does not appear on your criminal record and is only reflected on your credit report.
Yes, once you’ve settled the debts under the debt review process and obtained a clearance certificate, your debt review status will be removed from your credit report. However, the record of late payments or default on credit agreements before debt review may still appear for a few years, but the debt review status will no longer affect your ability to apply for credit.
Start Your Journey Today
Contact us now for a personalised consultation and take the first step towards a financially sound future.