The application process takes only a few days
To re-arrange your debt normally takes less than 60 days
To repay your debts completely and come out of Debt Review, depends entirely on your own circumstances
It is a process governed by the NCA to assist consumers who have become over-indebted by re-arranging their debts into a manageable plan. Also see the Documents & Brochures Tab
The fees are regulated and stipulated by the NCA, based on a percentage of your total monthly instalment towards debt after the restructure has been agreed to, but restricted to specific amounts. Also see the full fee structure under Ducements & Brochures
The Law currently allows only individuals to apply for Debt Counselling. Legal Entities like Close Corporations, Companies & Trusts cannot.
No. While under Debt Review, you cannot get more credit
Lilian has been in touch with you already I believe, but to answer your question, as soon as your debt situation is under control again, your name will be cleared, with no mention to Debt Review. Prior judgments etc is however not affected.
regards
Derick
Hi Celeste
by law, if you are in a position to pay your normal instalments again, your name should be removed from all Credit Bureaux within 5 business days. If you don't come right, give us a call, and we can give you advice.
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