How a Legal Expert Can Help Rebuild Your Credit Report

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 allowed to contest debts that led to necessitating debt help and challenge your credit record for free. The bureaus are obligated to investigate your dispute and provide a verdict by law, except for when your dispute has been repeatedly frivolous or unfounded. To avoid your dispute being declared frivolous and the bureaus not taking future disputes seriously, we recommend you use a legal expert or attorney to help you obtain the necessary documents.

This way, your credit record will be cleared within the prescribed 21 days, and you’ll be free to begin rebuilding your credit record responsibly.

In this post, we’ll discuss how a legal expert can help you remove debt review, sequestration, judgments, and administration orders from your credit report via a rescission order, rehabilitation order, Form 19 or 17.2 (W), or satisfaction of judgment letter.

Removing Public Record Marks from Your Credit Report

This section discusses rehabilitation orders, rescission orders, debt review clearance and withdrawal forms, and satisfaction of judgment to achieve credit clearance.

Sequestration and Rehabilitation Orders

After sequestration, you’re allowed to apply for a rehabilitation order. Once you’ve been granted rehabilitation, you are no longer insolvent. You’ll be able to apply for credit and be a director of a business. Generally, you can apply for a rehabilitation order after four years of sequestration being initiated, unless the Master of the High Court says otherwise. Sometimes, you could be rehabilitated before the four years have passed.

Rescission Orders for Judgments and Administration Orders

To have an administration or judgment order removed, you’ll have to use an attorney to prove that there was a legal error or that you were unfairly placed under judgment or administration.

If you feel the judgment against you is not properly substantiated, you can file a motion, called a rescission of judgment, to have the judgment removed.

Reasons a judgment can be rescinded include:

• Accidental oversight, a mistake, or that you were neglected in the case.
• Your creditors defrauded you or misrepresented case facts.
• The judgment has been released or satisfied.
• You were not served a summons to court.

Our attorneys can help you file a motion (written notice) and defend against a default judgment.

To rescind an administration order, you can apply to the courts for a 74Q rescission order. Once you have the order, you can submit it to the bureaus to have the administration order removed from your credit profile.

Debt Review Removal or Withdrawal

If you’ve completed debt review, you can ask your debt counsellor for a clearance certificate, called a Form 19. Once you have this, you can submit it to the credit bureaus and have all the debts that necessitated debt review and the debt review flag removed from your credit profile.

If you would like to withdraw from debt review, you must prove that you have the financial means to satisfy your credit agreements as initially agreed or that you were erroneously placed under debt review. You’ll have to ask for Form 17.2 (W), the debt review exit form.

Satisfaction of Judgment Letter

Once you’ve repaid all your creditors, you can ask for a satisfaction of judgment letter from the court. When you have this, you can submit it to the bureaus and have the judgment removed.

Credit Rehab: Legal Experts

Our team of legal experts and attorneys can help you remove all these derogatory marks and more from your credit report. Whether you want to withdraw from debt review or have a judgment rescinded, our team will help you gather the necessary evidence, obtain the appropriate forms, and write a letter to the bureaus outlining your dispute.

To learn more, contact Credit Rehab today. We would love to assist you on your journey to financial freedom.