Debt Review Assistance
Debt review can provide important financial protection, but there may come a time when your circumstances change and you need clarity on the way forward. We assist clients in understanding their legal position, determining whether they meet the necessary requirements to exit debt review, and navigating the appropriate process.
Our team provides clear, practical guidance throughout the process and, where required, liaises with relevant credit providers and debt review administrators to help ensure that each matter is handled correctly and responsibly.
Services include:
- Assessment of your current debt review status
- Advice on the legal requirements for exiting debt review
- Assistance with the debt review exit process
- Liaison with credit providers and debt review administrators
- Guidance on the steps required to update your credit profile
REQUEST HELP WITH A DEBT REVIEW MATTER
Debt review status assessments / Exit requirements / Debt review exit process / Credit profile updates
Frequently Asked Questions
Debt review is a formal process under South Africa’s National Credit Act designed to assist consumers who are over-indebted by restructuring their debt repayments into a more manageable arrangement.
Potentially, but this depends on your individual circumstances and where you are in the debt review process. The applicable requirements should first be assessed before determining the appropriate way forward.
Not necessarily in every circumstance. The requirements depend on factors such as the status of your debt review, whether a court order has been granted and the types of credit agreements involved. We can assess your situation and advise you accordingly.
Debt review cannot always be cancelled simply because you no longer wish to participate. Once certain stages of the process have been reached, specific legal requirements and procedures may apply before your debt review status can be changed.
Your eligibility depends on your circumstances and the stage of the debt review process. We can review your matter, explain the requirements that apply to you and advise on the appropriate next steps.
There is no single timeframe that applies to every matter. The process can depend on your individual circumstances, documentation, credit providers and whether a court process is required.
Once the appropriate debt review process has been completed and your credit profile has been updated, your ability to obtain new credit will still depend on the credit provider’s affordability assessment and lending criteria.
We can assess your debt review status, explain your legal options and guide you through the appropriate process. Where necessary, we can also assist with communication involving relevant parties and legal procedures required to resolve your matter.
