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,...
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...
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...
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,...
by admin | Sep 28, 2018 | Essential Reading
We have all heard that saying, “money makes the world go round”. In fact, that statement is completely incorrect. The actual truth is that CREDIT makes the world go around. Without access to credit, the world economy will collapse, and poverty will be far worse than...
