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.
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:
Free Assessment
Successful Application
Instruction to Attorneys
Court date Received
Court Order Granted
Final Payment Received
Status Change Request
Your court order is sent to the National Credit Regulator (NCR) to instruct the credit bureaus to update your status.
Status Updated
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?
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.