Debt review
how to check if your name is under debt review.
All consumers who suspect they are under debt review can contact us to confirm
3 reasons that consumers who are under debt review can be removed
1. Where the accounts under debt review have not been settled
Often, many creditors refuse to negotiate payment arrangements until the debt review order has been rescinded or a court application has been made by the consumer to reject the debt counselors recommendation and the court granted the order , or the consumer declared no longer over-indebted, as such creditors reason that they cannot accept payments directly from the consumer whilst the consumer is flagged as being under debt review. Thus, where a consumer wants to exit debt review and the consumer still has outstanding accounts, we can make a preliminary assessment and evaluation to determine whether the consumer is financially able to make or continue to make payments of amounts that are greater than the amounts that the creditors were or are receiving via the debt review process.
2. Where the accounts under debt review have been settled in full
The debt review process can also be terminated if you have paid up all the accounts that were subject to the debt review order. In this instance, we can assist in obtaining a clearance certificate.
3. Where all accounts have been paid up but there is a home loan account or large credit agreement that is outstanding
The debt review process can also be terminated where all the accounts that were subject to the debt review agreement or re-arrangement order have been paid in full but there is a home loan account or any other large credit agreement that is still outstanding and there are no arrears in respect of the home loan or large credit agreement in terms of the debt re- arrangement order. Where the aforesaid applies, Our company can assist in obtaining a clearance certificate.