Debt review is a lifeline for many South Africans, but what happens when you’re ready to exit the process? Whether you’ve paid off your debts or your circumstances have changed, understanding how to get out of debt review is crucial.
In this guide, we’ll explain the steps to remove yourself from debt review, explore how much it costs, and show you how Meerkat can help you with easy debt review removal advice and support.
Getting out of debt review involves these critical steps:
Before you can exit debt review, you must settle all your outstanding debts listed under the process. This excludes accounts like your bond or home loan, provided these were not in arrears when you entered debt review.
Once your debts are fully paid, your debt counsellor must issue you with a clearance certificate. This document confirms that all obligations under debt review have been settled.
After receiving your clearance certificate, your debt counsellor must notify credit bureaus to update your status. The “under debt review” flag will then be removed from your credit profile and you will be free to start applying for credit again!
It's important to note that free debt review removal does not exist. There will either be lawyers fees or fees of a Debt Counsellor involved. Do not fall for scams that promise free debt review removal.
When it comes to debt review removal companies, Meerkat is the best. Not just because we say so, but because our clients do too.
"Wow! great job indeed, the turnaround time was amazing, I did not expect to have received the clearance certificate in less than a month. Excellent work indeed...!!" - Mishack M on Hellopeter.
Look at our other reviews on Hellopeter here.
Here's how you clear your name from debt review with our easy online process
Check out this interview with Founder and CEO of Meerkat - David O'Brien for more information.
The entire process of getting cleared from debt review can be completed online, saving you time and money.
If you’ve completed the debt review process and paid all your debts in full, you can get the debt review flag removed from your credit report in just 10 days.
Start your debt review clearance online application >>
MyMeerkat FSP is an authorised financial services provider (FSP 50979). Registered Debt Counsellor NCRDC 2613. We've successfully helped thousands of South Africans legally exit the debt review process! We can help you too.