How to Legally Exit Debt Review in South Africa: A Comprehensive Guide

by Wikus Olivier | Aug 11, 2025 | Articles, CreditSmart Essential Reading, Debt Review Removals

For many South Africans, debt review (also known as debt counselling or instalment consolidation) has been a crucial tool for managing overwhelming debt under the National Credit Act (NCA) no. 34 of 2005. This process, facilitated by a registered debt counsellor,...

Debt Review Removal Process: Step-by-Step Clearing Guide

by CreditSmart Author | Aug 7, 2025 | Articles, CreditSmart Essential Reading, Debt Review Removals

Are you currently under debt review and looking to regain your financial freedom? The Debt Review Removal process is a structured pathway that helps you legally exit debt review and restore your credit record. With CreditSmart’s expert guidance, this process ensures...

Debt Review Removal South Africa: Steps and Expert Insights

by Carla Oberholzer | Jul 11, 2025 | Articles, CreditSmart Essential Reading, Debt Review Removals

What is a Debt Review Flag & Why It Matters? When a consumer is found to be over-indebted under Section 86(6)(a) of the National Credit Act (NCA), a “debt review flag” is placed on their credit record. This status blocks access to new credit and remains until a...

Hidden Costs of Ignoring Your Debt: Early Action Matters

by Carla Oberholzer | May 20, 2025 | Articles, CreditSmart Essential Reading

1. The Crushing Weight on Your Credit Score One of the most significant, yet often underestimated, hidden costs of ignoring your debt in South Africa is the profound damage it inflicts on your credit score. When you miss payments, default on loans, or face judgments,...

Consumer Rights & Responsibilities [March Reminder]

by Carla Oberholzer | Mar 13, 2025 | Articles, CreditSmart Essential Reading

March is not just about human rights – it’s also a time to highlight your rights as a credit consumer. While the National Credit Act (NCA) protects you, understanding your responsibilities is just as important. Your Rights as a Consumer: Apply for credit and receive...

New Year, New Financial You: Go-To Tips for 2025

by CreditSmart Author | Jan 10, 2025 | Articles, CreditSmart Essential Reading

“As the calendar flips to 2025, it’s time to rethink how you handle your money. Let’s focus on simplicity, clarity, and some go-to steps to achieve financial health and peace of mind this year. Small, consistent actions can help build a strong foundation for long-term...