Occurs when a credit provider lends money without doing an affordable assessments.
It's a process in terms of the National Credit Act for over indebted consumers.
To develop a new repayment structure that will be affordable to you and acceptable to the credit providers.
If the debt had been paid off, you are free to borrow again, however the clearance certificate has to be issued first to be sent to the credit providers.
If a bond and car was included and now you have means to pay full instalment you can voluntary cancel the debt counselling process but bear in mind that failure to make payments after the debt counsellor it’s no longer involved we advise you to seek advice before you cancel anything.
These are fees involved Application fee, Restructure fee, legal fees.
Yes a court order has to be granted to avoid any legal action to be taken against you.
Not at all, it can be an advantage if they check your credit record that you are a responsible person unlike is a default payer.
The only way you can be under debt review it’s when you have an income.
No more additional fees will be charged.
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