Stuck under Debt Review?

It’s time to break FREE!

You’ve come so far – now let our experts help you take the next step.

We’ll guide you toward moving on from Debt Review and regaining full control of your credit journey.

Help me Break Free!

Watch This Quick Video & Message From Our MD.

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?

Clear my Debt Review Flag

Our Debt Review Removal
Process:

Assessment

Our expert team will complete a free assessment for you to establish and advise whether you qualify to exit debt review. To qualify, you need to be under debt review, and your income needs to be more than your expenses.

Application

We will require you to provide us with documentation and the signed application form to finalise your registration.

Payment

We will provide you with a quote to consider the service and assist with a payment plan once you decide to proceed.

Compilation

Once at least 50% of the payment is received, we will complete your court application and give instruction to our attorneys to proceed to court. All supporting documentation will be required at this stage.

Court Order

Our attorneys will apply to court to have your court order granted, declaring you as no longer over-indebted. This court order confirms that you are no longer under debt review.

Status Updated

The granted court order is sent to the National Credit Regulator to update your debt review status.

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Frequently Asked Questions

How does this Debt Review Removal work?

We follow a straightforward step-by-step process to help you remove the Debt Review flag from your credit profile:

1. Free Assessment
Our expert team reviews your current credit obligations and income to see if you can afford your original monthly repayments along with essential living expenses.

2. Registration & Payment Plan
If you qualify, we assist you with registration and set up a new payment arrangement based on your affordability.

3. Legal Application
Our attorneys apply to the court for a No Longer Over-Indebted order, showing that your financial situation has improved since you first entered debt review.

4. Court Preparation & Support
You provide a few supporting documents, and our legal team manages the court process, including securing your court date.

5. Court Order Granted
On the court date, the magistrate decides on your application. If approved, you are officially declared no longer over-indebted.

6. Credit Profile Update
We send the court order to the National Credit Regulator (NCR). The debt review status is then removed from your credit profile by the credit bureaus.

7. Financial Freedom Restored
You resume paying your creditors directly, with no debt review flag holding you back.

How long will it take to clear my name?

This process, from registration to obtaining your granted court order, will take approximately 3 to 4 months. This is mainly due to the courts providing us with court dates approximately 3 months ahead of time. We, unfortunately; do not have control of when court dates are available and given.

Will I be able to obtain new debt or credit accounts once my name is cleared?

Yes, however this is dependent on your credit score. The removal of the debt review status from your credit profile, does not guarantee that you will immediately qualify for new credit.
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?

No. To qualify for the Debt Review Removal service, your financial situation needs to be of such a nature that you can afford your living expenses and debt repayments as per the original contractual agreement with creditors, i.e. the original instalments and interest rates that you were paying prior to Debt Review. We use your Net Income amount and deduct your debt installments and living expenses from it. If the amount ends in a surplus, we can assist. However, if the amount ends in a deficit, we cannot assist as you then still require the assistance of lowered debt review installments through debt review or other services.

How do I know you are not a fraudulent company trying to scam me?

CreditSmart is a Registered Financial Services Provider: FSP: 52295

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.

What Our Clients Say

Thank you very much for being so diligent in your work… You guys are the best in what you do. I always recommend people to you. Your service is very professional.

Nakedi

If you are ever looking for a professional reputable Debt Review company, look no further than CreditSmart. My experience with this company has been very smooth. It was supposed to be a five-year review, but with their help, I was able to do it in four years.

Nakedi

You had me bursting out in tears when my clearance email came through… THANKS BE TO GOD. Dealing with CreditSmart has been a true blessing and walking this Debt Review journey with CreditSmart has been the best decision I have ever made. Thank you for treating me with so much respect and dignity.

Stuck under Debt Review?

Take Control:
Clear your Debt Review Flag Now

Struggling to access new credit or loans?

Missing out on opportunities due to debt review restrictions?