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Tag - Apply for Credit

Debt Intervention – Part 3

Can a consumer apply for credit after debt intervention? In order to be able to apply for credit again a consumer needs to have completed a few very specific steps. The consumer needs to complete the debt intervention successfully by fully settling the accounts included or having those account extinguished.The consumer also needs to illustrate that they have improved their knowledge on managing finances through attending financial literacy training. The consumer’s financial situation must have improved.The consumer needs to apply for rehabilitation.The NCR must notify all credit bureaus and relevant [...]

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