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If you’ve recently applied for debt review and realised that it’s not for you, you may have wondered whether you can remove it or exit it before it takes full effect. You can only remove debt review if the Magistrate’s court hasn’t yet declared you...
Your company has run out of money: its assets exceed its liabilities, it’s deep in debt, it’s seen a significant drop in revenue, or its creditors have applied for liquidation – or, you would like to liquidate it. Directors and shareholders have the authority to...
Sometimes, credit clearance alone isn’t enough to remove public record marks from your credit report. Marks like sequestration, debt review, administration orders, and judgments can feel impossible to remove, especially if you’re not familiar with your rights regarding credit clearance. Under the National Credit Act, you’re...
Bad credit can stop you from taking out loans, obtaining favourable interest rates and fees, getting affordable insurance premiums, renting in a good area, and being hired for finance roles. Bad credit is often a result of your credit report having derogatory or bad marks...
Understanding your rights is crucial when rehabilitating yourself after financial trouble, whether that’s debt review, judgment, sequestration, or an administration order. Once you’re aware of your rights, the path to disputing derogatory items on your credit profile becomes tangible. Using your understanding of your rights to...
Being unable to meet your monthly payment obligations is a nerve-wracking situation. If you’ve read the terms of your credit facility agreement, you know that under the National Credit Act, your creditors have the option to enforce your debts, be that via a judgment or...
Debt review can severely impact your financial agency. Under debt review, you’re not allowed to take out finance, which can hinder your ability to make large purchases and access credit facilities. Is there a way to exit debt review before you’ve paid all creditors back? If...
Before entering into a debt management agreement, it is incredibly important that time be taken to gain comprehensive insight and legal perspective. For over indebted consumers, the various options available to them can be overwhelming to consider, which is where our Credit Rehab team offer...
Debt Review is a highly effective option available to individuals who are over indebted, as a solution to paying back all debt with lower, more manageable monthly instalments. The Debt Review process can take anywhere from 3 to 5 years and sometimes even longer, depending...
Debt review is a popular debt rehabilitation option that is available to South African consumers who are seeking financial stability. While overcoming debt can seem almost impossible, debt review is the first step to managing monthly payments, thanks to the advantage of a new debt...